Stocks hit records as Fed tapering concerns ease
Wall Street closed at new highs after data showed that the consumer price increases slowed in July, easing concerns that the Federal Reserve will signal a scaling back of bond purchases. USA30 rose 0.62%, and USA500 gained 0.25%, both reaching new record highs. TECH100 dropped 0.16%.
Crude oil settled at $69.25 per barrel after it gained 1.41%.
Gold settled up 1.2% at $1,753.30 per ounce.
The Dollar Index was down 0.13% at 92.933.
Asia and Australia
Gains remained modest as traders continued to assess the impact of rising COVID-19 cases and central bank asset tapering on the global economy.
Japan225 gained 0.56%.
HongKong45 was down 0.39%.
Down under, Australia200 rose 0.62%, with the Westpac consumer sentiment index dropping 4.4% in August compared to the 1.5% growth the month before.
Brent was up 1.15% to $71.44 per barrel.
GBP/USD rose 0.15% to 1.3858.
EUR/USD traded at 1.1737 after it gained 0.16%.
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 and forecasts are not reliable indicators of future results.