Inflation worries remain in focus
Yesterday’s focus point was investors’ concern regarding inflation. However, investment banks’ quarterly earnings offset optimism. USA30 rose 0.16%, while USA500 fell 0.4%. TECH100 traded 0.99% lower.
Crude oil gained 1.4% reaching $61.05 per barrel.
Gold fell 0.1% to $1,745.20 per ounce.
Asia and Australia
Stocks were mixed as investors brushed off their concerns about the rising US inflation and focused on the global economic recovery.
Japan225 fell 0.4% as the rising number of COVID-19 is casting some shadows over the country’s economic recovery.
HongKong45 rose 0.96%.
Down under, Australia200 rose 0.32%.
The rise of European stocks was sustained by falling US bond yields, as the inflation concerns eased after March’s CPI data. Moreover, companies from the luxury sector impressed with their quarterly figures. Germany30 and UK100 each gained 0.1%. France40 rose 0.3%.
Brent oil rose 1.3% to $64.48 a barrel.
EUR/USD added 0.1% reaching 1.1960.
Sources: reuters.com, investing.com