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Eventful day for the global markets - Tuesday Review, January 26

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Miguel A. Rodriguez
Miguel A. Rodriguez
27 January 2021
European markets higher amid strong corporate earnings and economic readings

The US

Benchmarks switched focus to corporate earnings results and upcoming FED policy announcement. Also, news about a delayed approval of the long-touted stimulus package contributed to the losses.

USA30 slightly moved, losing 0.07%, while USA500 traded 0.15% lower. TECH100 dropped 0.07% breaking the five consecutive sessions when it closed higher, the longest run of gains reported since November 2020.

Crude oil closed at $52.60 per barrel after it lost 0.1%.

Gold went down 0.1% to $1,853.10 per ounce.

 

Asia and Australia

The markets followed suit their American peers by closing lower, as the $1.9 trillion US stimulus package approval could be delayed.

Japan225 traded 0.82% lower.

HongKong45 slipped 2.31%.

Down under, the market was closed for a national holiday.

USD/JPY traded at 103.78.

 

Europe

Stocks pushed higher, driven by UBS's strong quarterly results and promising data regarding the industrial sector. Germany30 gained 1.4%, while France40 went up 1%. UK100 climbed 0.7%.

Brent oil fell 0.1% reaching $55.64 a barrel.

EUR/USD closed at 1.2108 after it fell 0.2%.

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.