Momentum and lethargy on the global markets
The markets were closed for Thanksgiving.
Gold gained 0.5$ trading at $1,813.80 per ounce.
Crude Oil lost 1.5%, settling at $45.02 per barrel.
Asia and Australia
The progress reported towards an effective COVID-19 #vaccine and the transition to Biden’s administration boosted investor sentiment.
Japan255 jumped 0.47%.
HongKong45 was up 0.21%.
Down under, Australia200 was down 0.36% even though the State of Victoria reported its 28th day without new #COVID-19 cases.
USD/JPY lost 0.2% settling at 104.24.
Germany30 was flat after the Robert Koch Institute reported more than 32,000 new cases and 300 new deaths for the third consecutive day.
UK100 dropped 0.5% after the country’s finance minister Rishi Sunak announced that the economy could contract 11% this year.
Europe50 lost 0.1%.
Brent Oil fell 1.5% to $47.80 a barrel.
EUR/USD traded at 1.1923 after it gained 0.1%.
EUR/GBP closed 0.2% higher at 89.12
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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.