The Wall Street Dow Jones Industrial Average rose above 30,000 points for the first time and closed the trading session at 30,046.24 points. The Standard & Poor’s 500 also closed the trading session with a new record.
–
On European and Asian stock exchanges, stock prices mostly rose, as did oil prices.
–
“Signs of a stalemate in the US political stalemate have been combined with a steady influx of news about Covid-19 vaccines, supporting” stock prices, commented Chris Boschamp, chief market analyst at IG.
–
Investors are now more confident that the United States can avoid a constitutional crisis over the transfer of power following the US presidential election, in which Joe Biden defeated President Donald Trump.
–
Although Trump has not yet officially acknowledged the defeat of his election, his administration formally approved the allocation of funds for Baiden’s transfer on Monday night.
–
Investors have also welcomed announcements by British pharmaceutical company AstraZeneca and the University of Oxford about the Covid-19 vaccine they have developed, as well as news that Biden is planning to nominate former Federal Reserve System (FRS) chief Genet Jelena as finance minister.
–
Briefing.com analyst Patrick O’Heer acknowledged developments in Washington as “another excuse” for the market to rise when a positive momentum drives investors’ fear of missing out.
–
Oil prices have reached their highest levels since the first wave of the pandemic, growing in the hope that new vaccines will pave the way for economic recovery.
–
The Dow Jones Industrial Average rose 1.5% to 30,042.71 points on Tuesday, the Standard & Poor’s 500 rose 1.5% to 3,632.31 points, and the Nasdaq Composite index rose 1.2% to 12,022.31 points.
–
The London Stock Exchange index FTSE 100 rose 1.6% to 6432.17 points on Tuesday, the Frankfurt stock exchange index DAX 30 rose 1.3% to 13,292.44 points, and the Paris stock exchange index CAC 40 rose 1.2% to 5558 , 42 points.
–
In the New York Stock Exchange e-commerce, the price of WTI crude rose by 4.3% on Tuesday to USD 44.91 per barrel. The price of Brent crude rose 3.9% to $ 47.86 a barrel on the London Stock Exchange.
–
The euro rose against the US dollar from 1.1841 to 1.1892 dollars per euro on Tuesday, the British pound against the US dollar rose from 1.3321 to 1.3358 dollars per pound, and the US dollar against the Japanese yen fell from 104.52 to 104.43 yen per dollar. The value of the euro against the British pound rose from 88.89 to 89.01 pence per euro.
— .
