The European key economic data was in the spotlight - Tuesday Review, June 8

The European key economic data was in the spotlight - Tuesday Review, June 8

Investors still wait for clues on the inflation outlook as the post-pandemic economic recovery continues

The US

Wall Street closed in a mixed fashion with stocks struggling to eke out closing gains as the lack of clear market booster kept investors away. USA30 fell 0.09%, while USA500 traded 0.02% lower. TECH100 added 0.31%.

Crude oil rose 0.62%, trading at $69.66 a barrel.

Gold traded 0.29% lower at $1,893.35 per ounce.

The Dollar Index was up 0.11% at 90.045.

Asia and Australia

Japan225 edged up 0.16% after the country’s GDP contraction turned up lower than 1.2% forecasted. Despite the 1% contraction, the figure came in lower than the 2.8% reported during the same time last year.

HongKong45 traded 0.10% lower.

Down under, Australia200 inched down 0.07% after the data released by the National Australia Bank (NAB) Business Confidence Index climbed to 20 last month, higher than the previous month’s 17 reading.

Europe

Europe50 closed 0.1% higher, while Germany30 fell 0.2% after data showed industrial output fell in April, as semiconductor shortages and various supply bottlenecks hamper the recovery of one of Europe’s largest economy.

Brent oil went up 0.42% hitting $71.79 a barrel.

EUR/USD was down 0.07% to 1.2180.

Sources: investing.com, reuters.com

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