Notifications Bell

Equities rallied, as US Dollar fell amid inflation concerns growth - Monday Review, May 24

Equities rallied, as US Dollar fell amid inflation concerns growth - Monday Review, May 24

Bitcoin volatility continued to impact the markets

The US

Wall Street closed higher, boosted by a retreat in US Treasury yields, lifting expensive stocks mainly in the tech sector. USA30 rose 0.54%, while USA500 gained 0.99%. TECH100 jumped 1.41%.

Crude oil ended up 3.9% at $66.05 per barrel.

Gold was up 0.11% at $1.882 an ounce.

The Dollar Index languished near a four-month low, around the 90 mark.

Asia and Australia

Markets were mixed following the cryptocurrency volatility and the fact that concerns about the slowdown of stimulus measures continued. Japan225 was up 0.37% ahead of Bank of Japan governor Haruhiko Kuroda’s speech.

Down under, Australia200 inched up 0.10%.

HongKong45 was down 0.33%.


Markets were closed for Whit Monday.

Brent oil settled up 3% at $68.46 a barrel.

EUR/USD was up 0.3% at 1.2215.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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 and forecasts are not reliable indicators of future results.