
Investor hope regarding a post-pandemic economic recovery differs across the world
The US
The benchmarks rallied after the ADP Non-Farm Employment report showed that the private sector created 749,000 jobs in the past month, topping the 650,000 expected. USA30 added 1.20%, while USA500 was up 0.83%. TECH100 rose 0.74%.
Crude Oil settled up 2.4% to $40.22 a barrel, while Brent fell 0.2% to end the day at $40.95.
Gold gained 0.4% and settled at $1,895.50 per ounce.
The Dollar Index ended the day flat at 93.92.
Asia and Australia
Japan225 was down 0.17%, despite the 1.7% growth reported in industrial production. The result topped the 1.5% forecasted.
HongKong45 jumped 1.58% after the Manufacturing PMI actual figures beat the expected 51.2.
Down under, Australia200 lost 0.87%, and AUD/USD was down 0.05% to 0.7124.
Europe
Despite the data reading showing an improvement of the countries’ economies, the markets ended the day in the red. Germany30 traded 0.6% lower, even though retail sales rose more than expected.
France40 fell 0.6%, while UK100 traded 0.2% lower, although data showed that the economy contracted less-than-expected.
EUR/USD lost 0.1% to 1.1730, after Christine Lagarde, ECB President, hinted at a possible softer inflation target.
Read more about what made the markets move on Wednesday here!
Sources: reuters.com, investing.com
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