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

By: Miguel A. Rodriguez

10:26, 27 January 2021

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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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