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Stocks weakened amid new COVID-19 concerns - Wednesday Review, August 18

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Miguel A. Rodriguez
Miguel A. Rodriguez
19 August 2021
The US Federal Reserve is considering asset tapering sooner than expected

The US

Wall Street ended the day lower after Federal Reserve officials expressed mixed opinions on easing economic stimulus. USA30 and USA500 each traded 1.07% lower, while TECH100 fell 0.89%.

Crude oil settled down 1.7% to $65.46 per barrel.

Gold traded 0.2% lower at $1,784.4 per ounce.

The Dollar Index rose 0.04% to 93.163.

 

Asia and Australia

Markets were up, even though the ongoing spread of COVID-19 creates concerns over its impact on the economic recovery hard to shake off. Moreover, China intensified its regulatory tightening on companies such as Alibaba, Baidu, and JD.com.

Japan225 was up 0.35%.

HongKong45 added 0.21%.

Down under, Australia200 inched up 0.08%.

 

Europe

Stocks were steady, as investors favoured utilities and healthcare shares over economically sensitive sectors on rising concerns over a spike in global COVID-19 cases. France40 fell 0.7%, and UK100 slipped 0.2%. Germany30 traded 0.2% lower.

Brent ended the day down 1.2% at $68.23 a barrel.

EUR/USD traded 0.09% lower at 1.1698.

 

Sources: investing.com, reuters.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.