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Stocks lower amid political unrest - Monday Review, January 11

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Miguel A. Rodriguez
Miguel A. Rodriguez
12 January 2021
Trump’s potential early removal from office caused most markets to close in the red

The US

Stocks traded lower amid rising political tensions as the lawmakers stepped up their efforts to remove Donald Trump from office. USA30 fell 0.29%, while USA500 closed 0.63% lower. TECH100 lost 1.25%.

Crude oil traded at $51.87 per barrel after it fell 0.7%.

Gold gained 0.7% to $1,848.80 per ounce.

 

Asia and Australia

The markets were mixed yesterday as some focused on the potential multi-trillion fiscal stimulus promised by US president-elect Joe Biden, while others focused on the latest strain of COVID-19. HongKong45 rose 0.87%.

Down under, Australia200 fell 0.88%.

USD/JPY traded at 104.18.

 

Europe

The benchmarks closed the day in the red amid rising COVID-19 infections globally. Europe50 was down 0.3%.

Germany30 lost 0.9%, while France40 fell 0.5%. UK100 dropped 0.6%.

Brent oil lost 0.9%, reaching $55.50 a barrel.

EUR/USD slipped 0.2%, dropping to 1.2188.

Sources: reuters.com, 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.