Markets up over COVID-19 vaccines, and US fiscal stimulus enthusiasm - Tuesday Review, February 16

By: Miguel A. Rodriguez

10:16, 17 February 2021

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Global markets were close to record gains for the twelfth consecutive session

The US

Investors’ optimism continues to increase, as the number of COVID-19 infections decreases, and the possible $1.9 trillion stimulus package is still under review in the Senate. USA30 rose 0.20%, while USA500 lost 0.08%. TECH100 slipped 0.34%.

Crude oil added 0.9%, reaching $60.05 per barrel.

Gold settled down 1.3% at $1,799 per ounce.

 

Asia and Australia

Stocks were up, driven by the optimism over the rollout of the COVID-19 vaccine.

Japan225 rose 1.48%.

HongKong45 jumped 1.55%.

Down under, Australia200 added 0.28% after the February minutes from the Reserve Bank showed that a possible lifting of inflation would lead to a significant and sustained tightening in the labor market.

 

Europe

Markets pushed higher as strong earnings result reinforced the hopes of broad global economic recovery. Germany30 and France40 rose 0.1%. UK100 climbed 0.4%.

Brent oil closed 0.1% higher at $63.35 a barrel.

EUR/USD traded at 1.2146 after it gained 0.2%.

 

Sources: reuters.com, investing.com

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Most affected instruments

USA30

$ 10

Germany 40

$ 10

TECH100

$ 10

OIL

$ 10

USA500

$ 10

EUR/USD

$ 10

UK100

$ 10

JAPAN225

$ 10

HongKong50

$ 10

France40

$ 10

Australia200

$ 10

BrentOil

$ 10

GOLD

$ 10