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

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Miguel A. Rodriguez
Miguel A. Rodriguez
27 mayo 2021
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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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.