Markets took a breather from the November rally - Wednesday Review, December 2

By: Miguel A. Rodriguez

11:19, 03 December 2020

Markets were divided between Pfizer’s vaccine and the rising number of COVID-19 infections

The US

The markets closed mostly higher, boosted by the hopes of a new stimulus package and Pfizer’s potential COVID-19 vaccine. USA30 and USA500 each rose 0.20%. TECH100 lost 0.05%.

Crude oil went up 0.1% to $44.52 per barrel.

Gold traded 0.6% higher at $1,830.20 per ounce.


Asia and Australia

The fact that the world could have a viable COVID-19 treatment by the end of the year didn’t faze the Asian and Australian markets. HongKong45 slipped 0.68% after new restrictions were imposed to curb the COVID-19 infections.

Japan225 fell 0.10%.

Down under, Australia200 closed 0.31% lower after the Reserve Bank of Australia announced that it would keep the interest rate unchanged, as expected.



On Wednesday, only the UK’s benchmark UK100 gained 0.1% after it announced that its regulators approved Pfizer and BioNTech’s COVID-19 vaccine for use. The treatment could be distributed as early as next week.

Europe50 was down 0.3%. Germany30 closed 0.4% lower, while France40 fell 0.3%.

Brent Oil lost 0.1% trading at $47.45 a barrel.

EUR/USD closed at 1.2051 after it went down 0.2%.


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