Article Hero

Markets kept their momentum - Thursday Review, January 21

1611310822.png
Miguel A. Rodriguez
Miguel A. Rodriguez
22 January 2021
Positive day for global markets after Biden’s inauguration

The US

Following Biden’s inaugurations, the stocks continued their rally to record highs. The executive orders signed by Joe Biden tackling the COVID-19 vaccine, climate change, and many more overshadowed the number of unemployment claims report. USA30 rose 0.3%, while USA500 was up 0.19%. TECH100 gained 0.58%.

Crude oil lost 0.8%, reaching $52.87 per barrel.

Gold rose 0.2% to $1,870.35 per ounce.

 

Asia and Australia

The markets followed their American peers, which were high on optimism that federal spending will kick-start economic growth.

 HongKong45 inched up 0.5%.

Japan225 rose 0.78%.

Down under, Australia200 gained 0.71%.

 

Europe

As the markets expected the European Central Bank to keep interest rates and bond purchases unchanged, they closed in the green. Germany30 traded 0.3% higher. France40 and UK100 each added 0.1%.

Brent oil closed 0.8% lower at $55.65 a barrel.

EUR/USD gained 0.3%, reaching 1.2134.

Read here about the number of US unemployment claims!

Sources: reuters.com, investing.com

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.