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Wall Street hits records as Biden takes office - Wednesday Review, January 20

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Miguel A. Rodriguez
Miguel A. Rodriguez
21 gennaio 2021
Biden’s inauguration and corporate earnings were in focus

The US

Biden taking helm was what the markets needed to close at new record highs, amid growing optimism of a further stimulus package.

USA30 reached a new record high after it rose 0.83%. TECH100 followed suit, gaining 1.97% and closing at an all-time high. USA500 was up 1.36%.

Crude oil traded 0.6% higher at $53.30 per barrel.

Gold closed the session at $1,866.50 per ounce after it settled up 1.4%.

 

Asia and Australia

The stocks closed mostly higher, waiting for more significant US stimulus measures one Biden is sworn in.

HongKong45 gained 0.38%.

Japan225 fell 0.51% ahead of the Bank of Japan's policy decision.

Down under, Australia200 rose 0.56%.

 

Europe

Markets have chosen to focus on corporate earnings instead of Germany's tighter restrictions to curb the new strain of COVID-19. Germany30 and France40 each went up 0.6%. UK100 climbed 0.2%.

Brent oil rose 0.8%, trading at $56.34 per barrel.

EUR/USD closed at 1.2132.

Sources: investing.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.