Stocks lower amid worries over US inflation data - Tuesday Review, September 14

By: Miguel A. Rodriguez

11:56, 15 September 2021

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Markets lost some ground as fears over a slowdown in the global economic recovery could happen

The US

Wall Street gave up gains as economic uncertainties, and the increased likelihood of a corporate tax rate increase caused a broad sell-off. USA30 fell 0.84%, and USA500 traded 0.57% lower. TECH100 dropped 0.45%.

Crude oil reached $71.03 a barrel after it added 0.8%.

Gold fell 0.1% to $1,792.60 per ounce.

 

Asia and Australia

Markets were mainly down, steadying after their US peers snapped a five-day drop. Investors awaited US inflation data for hints about the US Fed’s timetable to begin asset tapering.

Japan225 rose 0.79%.

HongKong45 lost 0.16%.

Down under, Australia200 edged 0.16% lower.

 

Europe

Stocks traded lower, with investors showing caution regarding the US inflation metrics amid worries over future growth. Germany30 traded 0.2% lower, while France40 fell 0.8%. UK100 lost 0.6%.

Brent oil rose 0.8% to $74.10 per barrel

EUR/USD traded 0.2% higher at 1.1827.

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

EUR/USD

$ 10

Germany 40

$ 10

TECH100

$ 10

USA500

$ 10

UK100

$ 10

JAPAN225

$ 10

HongKong50

$ 10

France40

$ 10

Australia200

$ 10

BrentOil

$ 10

GOLD

$ 10