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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