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The surprising jump in US inflation has destabilized markets - Wednesday Review, July 14

Miguel A. Rodriguez
Miguel A. Rodriguez
15 July 2021
The US Federal Reserve continues to be committed to its current monetary policy

The US

Wall Street closed in a mixed fashion as Federal Reserve Chairman Jerome Powell backed the Fed’s accommodative monetary policy stance. USA30 added 0.13%, while USA500 gained 0.12%. TECH100 fell 0.22%.

Crude oil traded 0.3% lower at $75.04 a barrel.

Gold edged up 0.2% to $1,812.55 per ounce.


Asia and Australia

HongKong45 traded 0.57% as the US warned the American companies of increasing risks of operating in the city earlier in the week.

Japan225 was down 0.31%. The Bank of Japan is due to hand down its monetary policy on Friday.

Down under, Australia200 was up 0.23% even after Sydney extended the COVID-19 lockdown for another two weeks.



Markets weakened as a jump in US inflation raised concerns that the Fed could tighten its ultra-easy monetary policies sooner than expected. Germany30 and France40 each traded 0.2% lower. UK100 dropped 0.4%.

Brent oil fell 0.2% to $76.31 per barrel.

EUR/USD added 0.1% trading at 1.1787.


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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