Inflation, Inflation, Inflation - Wednesday Review, June 9

By: Miguel A. Rodriguez

11:47, 10 June 2021

Inflation reports kept investors on their toes

The US

Wall Street ended in the red as investors awaited inflation data for clues on when the US Federal Reserve could tighten its dovish monetary policy. USA30 fell 0.44%, and USA500 traded 0.18% lower. TECH100 dropped 0.09%.

Crude oil ended 0.1% lower at $69.96 a barrel.

Gold was down 0.07% to $1,893.10 a troy ounce.

The Dollar Index traded 0.07% higher at 90.135.


Asia and Australia

On the Asian front, markets were mainly lower. Investors focused on the mixed inflation data from China while waiting for updates from the US also on inflation later this week.

HongKong45 inched up 0.01%.

Japan225 was down 0.25%.

Down under, Australia200 traded 0.09% lower.



Markets closed the day mixedly with investors being cautious ahead of a policy decision from the European Central Bank and a US inflation reading later this week. Europe50 closed 0.1% higher, while Germany30 fell 0.4%. France40 rose 0.2%.

Brent oil remained unchanged at $72.22 a barrel.

EUR/USD was up 0.07% to 1.2179.


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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.