Investors turned their attention to inflation data as the tech selloff gained momentum
Wall Street closed lower, as rising commodity prices and labor shortages fueled fears that near-term price spikes could lead to longer-term inflation. USA30 fell 1.36%, while USA500 lost 0.87%. TECH100 dropped 0.09%.
Crude oil traded 0.8% higher at $65.44 per barrel.
Gold edged up 0.11% to $1,837.39 per ounce.
Asia and Australia
Markets were down, following a tech-slide in US counterparts, as a surge in commodity prices raised inflation worries. HongKong45 fell 2.47%.
Japan225 slid 2.89% even after economic data showed that March’s household spending grew to 7.2%.
Down under, Australia200 was down 1.31% ahead of the reveal of the federal budget.
Brent oil added 0.5% to $68.69 a barrel.
EUR/USD traded at 1.2147 after it gained 0.2%.
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 is not a reliable indicator of future results.