Markets traded in mixed fashion as investors focused on the possible inflation that could threaten the global economic recovery
As investors feared that inflation could force the Federal Reserve to take action sooner rather than later, Wall Street closed lower. USA30 fell 0.16%, while USA500 slipped 0.25%. TECH100 traded 0.38% lower.
Crude oil traded 0.2% higher at $65.50 a barrel.
Gold went up 1.6% to $1,867.60 per ounce.
Asia and Australia
Markets were mixed, as some countries had to deal with a rise in COVID-19 infections and inflation worries.
HongKong45 rose 1.06%.
Japan225 was down 0.24%.
Down under, Australia200 gained 0.69% ahead of the release of important economic data for April, such as employment change and unemployment rate. The Reserve Bank of Australia is due to publish its minutes on Tuesday.
Brent oil rose 0.1% to $68.78 per barrel.
EUR/USD traded at 1.2137 after it went down 0.1%.
Sources: reuters.com, investing.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.