Oil was up almost 2%, reaching multi-year highs on increased demand
The US
Wall Street closed lower as data showed stronger inflation and weaker US retail sales in May, spooking already-jittery investors awaiting the FOMC meeting. USA30 fell 0.27%, and USA500 dropped 0.20%. TECH100 lost 0.71%.
Crude oil rose 1.8% to settle at $72.12 a barrel. It hit a session high of $72.19 a barrel, the highest level since October 2018.
Gold was down 0.46% to $1,857.30 a troy ounce.
The Dollar Index edged 0.05% higher at 90.537.
Asia and Australia
Stocks were mixed as market participants waited for the latest US Federal Reserve policy decision.
HongKong45 fell 1.12%.
Japan225 gained 0.66%
Down under, Australia200 traded 0.99% higher after the Reserve Bank of Australia released the minutes of its latest meeting.
Europe
Most markets rose for an eight-consecutive session on Tuesday, driven by optimism over an economic recovery this year. Europe50 ended 0.1%, closing at a record high of 458.81 points. UK100 gained 0.4% as the financial metrics showed a record jump in the number of employees on company payrolls in May. Germany30 closed 0.36% higher, hitting a new all-time high.
Brent oil rose 1.15%, trading at $73.70 a barrel.
EUR/USD was up 0.02% to 1.2121.
Sources: investing.com, reuters.com
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