Traders are cautious as the new COVID-19 variant threatens the economic recovery
Wall Street mainly notched two record highs after minutes from the Fed’s latest meeting largely confirmed market expectations. The officials revealed that progress on economic recovery was not met yet. USA30 rose 0.3%, and USA500 gained 0.34%. TECH100 added 0.01%.
Crude oil was down 1.69% at $72.13 per barrel.
Gold extended gains to a sixth session, rising 0.37% to $1,803.41 an ounce.
The Dollar Index traded 0.19% higher at 92.72.
Asia and Australia
Stocks were mostly down as investors are concerned about the economic outlook and the spread of the COVID-19 Delta variant.
Japan255 fell 0.9%.
HongKong45 edged down 0.73%.
Down under, Australia200 gained 0.67% after the country’s Reserve Bank announced that it would keep interest rates unchanged at a record low of 0.1%.
Also, on the Old Continent, investors remained cautious about the strength of the global economic recovery and the threat of the Delta COVID-19 variant. However, the commodity-linked stocks recovered from the sharp falls reported in the previous sessions. Germany30 posted its best session in seven weeks as it gained 1.2%. France40 rose 0.31%.
Brent oil lost down 1.52% at $73.40 a barrel.
EUR/USD traded 0.1% higher at 1.1828.
Sources: investing.com, reuters.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.