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

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

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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