Global stocks closed largely higher amid positive economic news - Thursday Review, March 11

By: Miguel A. Rodriguez

10:46, 12 March 2021

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World stocks rose to records after economic news calmed investor worries

The US

President Biden signed the $1.9 trillion stimulus into law, boosting the markets. As a result, USA30 added 0.98%, and USA500 rose 1.44, both hitting new records. TECH100 was up 2.7%.

Crude oil traded 1.1% higher at $65.13 per barrel.

Gold rose 0.9% to $1,737.35 per ounce.

 

Asia and Australia

The markets traded mostly higher, driven by their American peers' rally. HongKong45 gained 1.61%.

Japan225 was up 0.62%.

Down under, Australia200 lost 0.178%.

 

Europe

Stocks edged higher, boosted by the US stimulus package's approval and the ECB policy meeting. Germany30 added 0.20%, reaching an all-time high. France40 rose 0.1%, and UK100 climbed 0.2%.

Brent oil went up 1% to $68.58 a barrel.

EUR/USD reached 1.1966 after it went up 0.3%.

Sources: investing.com, reuters.com

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Most affected instruments

USA500

$ 10

USA30

$ 10

OIL

$ 10

TECH100

$ 10

GOLD

$ 10

HongKong50

$ 10

JAPAN225

$ 10

Australia200

$ 10

EUR/USD

$ 10

Germany 40

$ 10

France40

$ 10

UK100

$ 10