Fed managed to ease inflation concerns - Wednesday Review, May 26

By: Miguel A. Rodriguez

11:56, 27 May 2021

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Global shares ended the session in mixed territory amid US economic data

The US

Wall Street was up as markets continued to benefit from the economic reopening. USA30 jumped 0.03%, while USA500 rose 0.19%. TECH100 gained 0.59%.

Crude oil settled up 0.2% at $66.21 a barrel.

The Dollar Index was up 0.39%.

Gold shed 0.17% to $1,896.06 per ounce.

 

Asia and Australia

Markets were mainly up, as US economic data disappointed amid concerns over inflation and jobs. Japan225 was up 0.31% after a board member of the Bank of Japan stated that the bank should restrain its purchase of ETFs during calm periods in the market.

Down under, Australia200 inched up 0.08%.

HongKong45 gained 0.67%.

 

Europe

Stocks traded in a mixed manner as investors keep an eye on the inflation outlook after central bank policymakers reaffirmed their dovish policy stance. Germany30 and France40 traded flat, while UK100 closed 0.04% lower.

Brent oil was up 0.3% to $68.87 per barrel.

EUR/USD traded below 1.2200.

Sources: investing.com, reuters.com

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