Investors eyed the fiscal stimulus for a strong economic recovery
Wall Street ended in the red, given that the economy hasn’t recovered to pre-pandemic levels. The focus is now on the $1.9 trillion stimulus package. USA30 slipped 1.30%, and USA500 traded 0.68% lower. TECH100 fell 2.70%.
Crude oil traded 0.2% higher at $59.84 per barrel.
Gold fell 0.4% to $1,726.45 per ounce.
The Dollar Index was seen at 90.787.
Asia and Australia
Stocks closed in the green after the readings for PMI and GDP came in higher-than-expected, pointing to economic recovery. Japan225 rose 0.45%.
HongKong45 jumped 1.64%.
Down under, Australia200 rose 0.80% after the country’s GDP grew 3.1% in Q4 2021, topping the 2.5% forecasted.
Markets closed higher as investors expect strong economic growth in the second half of the year, with the vaccination programs gaining even more momentum. Europe50 was up 0.35%. Germany30 traded 0.9% higher, and France40 gained 0.8%. UK100 jumped 1.2%.
Brent oil added 0.1%, reaching $62.78 a barrel.
EUR/USD traded at 1.2083.
Sources: investing.com, reuters.com