Additional stimulus relief hope led most markets higher
USA30 rose 0.86%, while USA500 added 1.64%. TECH100 traded 2.67% lower. The increases came as the markets were expecting Democrats to target further fiscal stimulus, switching focus from Wednesday’s riot on Capitol.
Crude oil went up 0.9% to $51.09 per barrel.
Gold added 0.7% trading at $1,921.50 per ounce.
The Dollar Index was up 0.32% at 89.785.
Asia and Australia
Japan255 rose 1.84% even though the country was expected to declare a state of emergency for Tokyo and multiple adjacent prefectures. The end of the state of emergency is set to end on February 7.
HongKong45 lost 0.02%.
Down under, Australia200 added 1.76% as the country’s national cabinet will meet Friday, one month ahead of schedule, according to Prime Minister Scott Morrison.
USD/JPY traded at 103.34 after it went up 0.29%.
The stocks closed mainly higher, as they focused on the possible additional fiscal US stimulus package as the Democrats won in the Senate. Germany30 closed 0.63% higher, hitting an all-time high. France40 went up 0.4%, while UK100 lost 0.3%.
Brent oil closed at $54.64 a barrel after it gained 0.6%.
EUR/USD slipped 0.4% to 1.2282.
Sources: reuters.com, investing.com
This information is prepared for general circulation. It does not have 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 sc.capex.com