Wall Street Unfazed by Political Unrest

Published 2021/01/14, 11:16
South Africa
New COVID-19 vaccines compared to rising COVID-19 cases continued to dampen investor sentiment on Wednesday, with the All Share closing flat at -0.10%.

United States
Wall Street was trading slightly higher at 20h15 on the hope of new US stimulus packages, with most investors unfazed by hearings on Capitol Hill regarding the Democrats second attempt to impeach President Donald Trump.

Europe
Gains in French Carrefour (PA:CARR) and Spain’s Telefonica (MC:TEF) offset concerns around rising COVID-19 cases on the continent, leaving European stocks to close slightly higher on Wednesday.

Hong Kong
Declines in consumer shares drove the Hang Seng to close 0.15% lower on Wednesday.

Japan
Strong gains in the semiconductor sector boosted Japan’s Nikkei on Wednesday with the exchange closing up by 1.04%

Rand
A weaker greenback environment boosted the local currency on Wednesday with the rand trading at R15.22 to the US dollar at 20h15.

Precious metals
A weaker dollar boosted gold prices on Wednesday with an ounce of spot gold trading at $1 858.65 at 20h15.

Oil
The price of Brent crude fell by more than 1% on Wednesday after the Energy Information Administration said that US crude oil stockpiles fell more than expected in the previous week


PSG Wealth Daily Investment Update, 14 January 2020



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