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Markets mixed amid earnings, and political data - Wednesday Review, February 3

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Miguel A. Rodriguez
Miguel A. Rodriguez
04 February 2021
Tech earnings drove the markets lower despite promising quarterly results

The US

Despite tech delivering better-than-expected quarterly earnings, stocks gave up some gains - TECH100 fell 0.02% - but USA30 rose 0.12%, and USA500 was up 0.11%, managing to keep the momentum.

Crude oil closed the session at $55.08 per barrel after it gained 0.6%.

Gold rose 0.3% to $1,838.30 per ounce.

 

Asia and Australia

Stocks were mixed as some focused on the better-than-estimates earnings and the progress made towards a US stimulus package. Others had in mind the restrictions that could be imposed to curb the COVID-19 virus. HongKong45 fell 0.61%.

Japan225 gained 0.67%.

Down under, Australia200 jumped 1.10%.

 

Europe

Germany30 traded 0.6% higher, while France40 gained 0.4%. UK100 added 0.3%. Italy40 closed 2.2% higher after former ECB president Mario Draghi accepted the task to form a new Italian government, a week after Giuseppe Conte handed in his resignation.

Brent oil rose 0.1%, reaching $57.88 a barrel.

EUR/USD settled at 1.2035.

Source: 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.