Energy sector pushed global stocks higher - Wednesday Review, June 2

Energy sector pushed global stocks higher - Wednesday Review, June 2

Despite the positive economic data, investors are still concerned about inflation

The US

Wall Street was moved by the energy sector, which continued to rack up gains. Moreover, investors are waiting for the job numbers due Friday. USA30 gained 0.07%. USA500 and TECH100 each added 0.14%.

Crude oil rose 1.48% to $68.72 a barrel.

Gold was up 0.32% to $1,911.05 per ounce.

The Dollar Index was up 0.10% at 89.905.

Asia and Australia

Markets traded in a mixed fashion amid positive economic data and concerns about the US Federal Reserve withdrawing stimulus measures earlier than expected. Japan225 rose 0.48%.

HongKong45 edged down 0.06%.

Down under, Australia200 rose 0.77% after data released earlier in the day showed a 1.8% quarter-on-quarter increase in GDP.

Europe

Stocks mainly gained as energy companies got a lift as oil pushed further into record territory. Germany30 added 0.23% hitting a new all-time high. France40 rose 0.2%, while UK100 was flat.

Brent oil went up 1.42% to $71.25 a barrel.

EUR/USD traded at 1.2210.

Sources: investing.com, marketwatch.com

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