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The markets jumped for joy amid a new possible COVID-19 vaccine - Tuesday Review, December 1

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Miguel A. Rodriguez
Miguel A. Rodriguez
03 December 2020
Stocks traded higher on vaccine data

The US

The benchmarks rejoiced as Pfizer and BioNTech filed for European approval for their COVID-19 vaccine. Moreover, rumor has it that discussions about a new stimulus package will be resumed. USA30 gained 0.91%, while USA500 closed 1.34% higher. TECH100 rose 1.39%.

Crude Oil closed 0.6% higher at $45.69 a barrel.

Gold rose 2.1% to $1,818.90 per ounce.

 

Asia and Australia

HongKong45 was up 0.37% even though the rising number of #COVID-19 infections is forcing the administration to impose tighter restrictions.

Japan255 gained 1.39%.

Down under, Australia200 surged 1.34% as investors believe that the Reserve Bank of Australia will keep its policy unchanged.

 

Europe

The benchmarks closed higher, driven by the positive COVID-19 #vaccine data. Also, the positive economic readings added some steam. Germany30 and UK100 each added 1%. France40 went up 1.7%.

Brent Oil rose 0.8% to $48.26 per barrel.

EUR/USD traded at 1.1976 after it jumped 0.4%.

Sources: reuters.com, investing.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.