CAPEX.com
CAPEX.com

Article Hero

Wall Street hits records as Biden takes office - Wednesday Review, January 20

1611220552.png
Miguel A. Rodriguez
Miguel A. Rodriguez
21 January 2021
Biden’s inauguration and corporate earnings were in focus

The US

Biden taking helm was what the markets needed to close at new record highs, amid growing optimism of a further stimulus package.

USA30 reached a new record high after it rose 0.83%. TECH100 followed suit, gaining 1.97% and closing at an all-time high. USA500 was up 1.36%.

Crude oil traded 0.6% higher at $53.30 per barrel.

Gold closed the session at $1,866.50 per ounce after it settled up 1.4%.

 

Asia and Australia

The stocks closed mostly higher, waiting for more significant US stimulus measures one Biden is sworn in.

HongKong45 gained 0.38%.

Japan225 fell 0.51% ahead of the Bank of Japan's policy decision.

Down under, Australia200 rose 0.56%.

 

Europe

Markets have chosen to focus on corporate earnings instead of Germany's tighter restrictions to curb the new strain of COVID-19. Germany30 and France40 each went up 0.6%. UK100 climbed 0.2%.

Brent oil rose 0.8%, trading at $56.34 per barrel.

EUR/USD closed at 1.2132.

Sources: 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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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.