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Global stocks were off record highs ahead of earnings season - Monday Review, April 12

Miguel A. Rodriguez
Miguel A. Rodriguez
13 April 2021
Investors were cautious ahead of earnings season

The US

As investors were looking forward to the earnings season to start, Wall Street closed lower. USA30 fell 0.16%, and USA500 lost 0.02%. TECH100 was down 0.36%.

Crude oil went up 0.9% to $59.86 per barrel.

Gold fell 0.3% to $1,739.20 per ounce.


Asia and Australia

HongKong45 slid 1.48% as investors await various economic data, such as trade data, trade balance, the first-quarter GDP, and many more.

Japan225 was down 0.55%.

Down under, Australia200 traded 0.40% lower as rates on the 10-year debt jumped past 1.8%.



Stocks edged lower after record highs as they were awaiting the start of the US earnings season, as well as the comments from the Fed and ECB. Germany30 and France40 each lost 0.1%. UK100 fell 0.6% even though shops, pubs, gyms, and hairdressers re-opened after three months of lockdown.

Brent oil rose 1% to $63.61 per barrel.

EUR/USD treaded at 1.1874 after it lost 0.2%.




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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.