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Inflation worries continue to weigh on investor sentiment - Monday Review, May 17

Miguel A. Rodriguez
Miguel A. Rodriguez
18 May 2021
Markets traded in mixed fashion as investors focused on the possible inflation that could threaten the global economic recovery

The US

As investors feared that inflation could force the Federal Reserve to take action sooner rather than later, Wall Street closed lower. USA30 fell 0.16%, while USA500 slipped 0.25%. TECH100 traded 0.38% lower.

Crude oil traded 0.2% higher at $65.50 a barrel.

Gold went up 1.6% to $1,867.60 per ounce.


Asia and Australia

Markets were mixed, as some countries had to deal with a rise in COVID-19 infections and inflation worries.

HongKong45 rose 1.06%.

Japan225 was down 0.24%.

Down under, Australia200 gained 0.69% ahead of the release of important economic data for April, such as employment change and unemployment rate. The Reserve Bank of Australia is due to publish its minutes on Tuesday.



Stocks edged lower amid concerns over a rise in global inflation, as well as lower-than-expected Chinese economic data. Germany30 and France40 fell 0.1%. UK100 dropped 0.3%.

Brent oil rose 0.1% to $68.78 per barrel.

EUR/USD traded at 1.2137 after it went down 0.1%.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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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. 

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