Global stocks traded predominantly higher amid strong signs of a global economic recovery - Monday Review, May 3

By: Miguel A. Rodriguez

09:23, 05 May 2021

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Robust economic data and earnings optimism lifted European stocks

The US

Wall Street closed mainly higher as signs of a faster reopening of the economy are more and more present. Also, New York and New Jersey are set to begin lifting restrictions starting May 19. USA30 gained 0.70%, while USA500 climbed 0.27%. TECH100 fell 0.48%.

Crude oil rose 1.34% to $64.43 per barrel.

Gold traded 1.34% higher at $1,792.35 per ounce.

 

Asia and Australia

Chinese and Japanese markets were closed for Labor and Constitution Day, respectively.

Down under, Australia200 edged up 0.14% ahead of the Reserve Bank’s policy decision due on Tuesday.

USD/JPY fell 0.15% to 109.11.

 

Europe

Stocks closed higher after a strong eurozone factory activity and German retail sales, highlighting a quick rebound in economic growth.  Europe50 rose 0.6%, while Germany30 was up 0.8%. France40 gained 0.6%.

UK markets were closed for the May Bank holiday.

Brent oil rose 1.11% to trade at $67.50 a barrel.

EUR/USD traded at 1.2064 after it gained 0.37%.

Sources: investing.com, reuters.com

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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. 

Most affected instruments

GOLD

$ 10

OIL

$ 10

BrentOil

$ 10

TECH100

$ 10

USA500

$ 10

USA30

$ 10

USD/JPY

$ 10

EUR/USD

$ 10

Australia200

$ 10

Europe50

$ 10

Germany 40

$ 10

UK100

$ 10

France40

$ 10