The possible upcoming approval of the US stimulus package drove the markets higher
After President Biden’s $1.9 trillion stimulus package is on track for approval by mid-March, markets gained momentum. USA30 rose 1.46%, closing at a record high. USA500 added 0.61%. TECH100 declined 0.04%.
Crude oil went up 0.1%, reaching $64.09 per barrel.
Gold fell 0.3% to $1,711.30 per ounce.
The Dollar Index lost 0.20%, trading at 91.782.
Asia and Australia
Stocks closed predominantly higher, but investors kept a wary eye after mixed economic readings. HongKong45 closed 0.73% higher.
Japan225 was up 0.28%
Down under, Australia200 traded 0.21% lower.
USD/JPY traded at 108.44 after it went up 0.06%.
The latest economic reading showed that the French industrial production rose 3.3% in January, thus marking a significant jump from December’s 0.7% fall. Germany30 traded 0.3% higher, while France40 rose 0.5%. UK100 dropped 0.1% after China revealed its latest anti-pollution policies.
Brent oil closed at $67.52 per barrel.
EUR/USD was flat at 1.898.
Sources: investing.com, reuters.com
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