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

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Miguel A. Rodriguez
Miguel A. Rodriguez
25 May 2021
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%.

 

Europe

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.

Sources: investing.com, marketwatch.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.