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The European PMI shows activity business surging - Wednesday Review, June 23

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Miguel A. Rodriguez
Miguel A. Rodriguez
24 June 2021
The latest economic metrics caused mixed global market reactions

The US

Markets closed in the red, even though investors cheered data that showed a record peak for US factory activity in June. USA30 fell 0.21%, and USA500 traded 0.11% lower. On the other hand, TECH100 closed up 0.13%, reaching a record high.

Crude oil rose 1.13% to $73.67 a barrel.

Gold was up 0.54% to $1,787.05 a troy ounce.

The Dollar Index was down 0.07% at 91.688.

 

Asia and Australia

Stocks were mostly up, with reassuring comments from the US Federal Reserve officials on inflation and monetary policy starting to calm investor jitters.

Japan225 edged up 0.16% after the Bank of Japan released the minutes from its monetary policy meeting.

HongKong45 gained 0.78%.

Down under, Australia200 slipped 0.41%.

 

Europe

Markets slipped after fresh data showed the eurozone business activity growing at the fastest rate in 15 years, but also rising price pressures. Germany30 and France40 each lost 0.4%. UK100 was up 0.3%.

Brent oil rose 1.15% to trade at $75.67 a barrel.

EUR/USD was up 0.07% to 1.1946.

Sources: investing.com, reuters.com

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. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.