Investor inflation jitters calmed down by Powell’s latest comments
The US
Wall Street closed higher as Federal Reserve Chairman Jerome Powell continued to downplay fears over the quick pace of inflation. USA30 gained 0.20%, and USA500 rose 0.51%. TECH100 closed 0.79% higher at a new record high of 14,223.27.
Crude oil fell 0.35%, trading at $72.62 a barrel.
Gold was down 0.33% to $1,777.05 per troy ounce.
The Dollar Index was up 0.09% at 91.963.
Asia and Australia
Stocks were mainly up following the rebound in US counterparts. The possibility that policy tightening could be more gradual than expected put away investor fears regarding an inflation spike.
Japan225 soared 3.03%.
Down under, Australia200 jumped 1.41%.
HongKong45 inched up 0.01%.
Europe
Germany30 traded 0.21% higher as gains in the Chemicals, Telecoms and Tech sectors led shares higher. UK100 rose 0.3%.
Brent oil fell 0.35% to trade at $74.64 per barrel.
EUR/USD was down 0.05% to 1.1908.
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 and forecasts are not reliable indicators of future results.
