Asian stocks traded higher amid promising economic news
Wall Street snapped out of its winning streak as a slump in energy offset gains in leisure and travel stocks amid optimism on the progress made to an economic reopening. USA30 fell 0.24%, while USA500 lost 0.21%. TECH100 slipped 0.03%.
Crude oil rose to $66.07 a barrel.
Gold was up 0.7% at $1,898 per ounce.
Asia and Australia
Stocks were up as comments from US Federal Reserve officials eased concerns about inflation. Japan225 gained 0.70% after Bank of Japan Haruhiko Kuroda pledged to keep the monetary policy ultra-loose.
HongKong45 rose 1.29%.
Down under, Australia200 was up 0.53%. Melbourne has restricted gatherings as it is going through a new COVID-19 outbreak.
Germany30 rose 0.2%. News that the most prominent European residential property group – Vonovia SE – will take over its rival Deutsche Wohnen for approx. $22 billion pushed the index higher. France40 was 0.1% higher. UK100 fell behind the other major indexes, ending the day 0.2% lower.
Brent oil rose 0.3%, settling at $68.65 per barrel.
EUR/USD reached its highest point since January, trading at 1.2266.
Sources: investing.com, Morningstar.com
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