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

By: Miguel A. Rodriguez

10:56, 09 June 2021

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.



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.


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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.