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Investors awaited key economic data - Monday Review, June 7

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Miguel A. Rodriguez
Miguel A. Rodriguez
08 June 2021
Some stocks pared gains on caution regarding inflation and economic data

The US

Wall Street closed mixedly as investors stand by on news of a minimum global tax rate, inflation, and a lack of market-moving economic news. USA30 fell 0.36%, while USA500 lost 0.08%. TECH100 went up 0.49%.

Crude oil fell 0.33%, hitting $69.39 a barrel.

Gold was up 0.27% to $1,897.05 per troy ounce.

The Dollar Index was down 0.22% at 89.938.

 

Asia and Australia

Stocks were mostly down, with investors focusing on the US employment report released at the end of the previous week. HongKong45 was down 0.72%.

Japan225 was up 0.28%.

Down under, Australia200 lost 0.04%.

 

Europe

Markets closed predominantly higher, despite fears over rising inflation. Germany30 fell 0.10%. France40 rose 0.43%, hitting a new 5-year high. Europe50 ended up about 0.2%.

Brent oil traded 0.33% at $71.65 a barrel.

EUR/USD was up 0.25% to 1.2196.

Sources: investing.com, reuters.com

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. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.