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A quiet day for markets due to holidays in the UK and US - Monday Review, May 31

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 June 2021
Asian stocks traded in a mixed fashion over economic data

The US

American markets were closed on Memorial Day.

Crude oil rose 0.98% to $66.97 a barrel.

Gold was up 0.14% to $1,907.95 per troy ounce.

The Dollar Index was down 0.18% at 89.830.

 

Asia and Australia

Japan225 fell 0.66% after data from the day revealed that Industrial Production for April grew 2.5% month-on-month topping March’s 1.7%.

HongKong45 was down 0.29%.

Down under, Australia200 edged down 0.14% ahead of Reserve Bank of Australia’s policy decision.

 

Europe

Stocks closed lower as investors focused on inflation data from some of the region’s biggest economies. Germany30 retreated from an all-time high hit last week, ending the day 0.7% lower. France40 was also around 0.7% lower, while Spain35 fell approx. 0.9%. The UK markets were closed on Spring Bank Holiday.

Brent oil went up 0.99% to $69.40 per barrel.

EUR/USD traded 0.31% higher at 1.2227.

Sources: cnbc.com, investing.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.