Stimulus hopes boosted optimism. Stocks closed higher for the second consecutive day
American stocks finished higher for the second consecutive day, driven by stronger-than-expected earnings. Also, the latest meeting between President Joe Biden and some Republican representatives to discuss the long-touted stimulus package gave investors hope. USA30 rose 1.57%, while USA500 gained 1.39%. TECH100 added 1.56%.
Crude oil traded 1.2% higher at $54.20 per barrel.
Gold lost 0.7% trading at $1,851.80 per ounce.
Asia and Australia
The market sentiment was boosted by the two-hour meeting between Joe Biden and Republican senators who were looking for a smaller COVID-19 stimulus package.
Japan225 gained 0.96%.
HongKong45 rose 1.60%.
Down under, Australia200 gained 1.28%.
Indices closed in the green buoyed by the good corporate earnings, and the progress made toward a US stimulus package. Germany30 traded 1.1% higher, while France40 rose 1.4%. UK100 climbed 0.5% as the Bank of England is due to hand down its policy decision later this week.
Brent oil closed the day at $56.98 per barrel after it went up 1.1%.
EUR/USD was up 0.2% at 1.2077.
Sources: reuters.com, investing.com
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, 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.