Wall Street continued to lose steam as inflation data fueled concerns on whether or not the FED will raise the interest rates sooner than anticipated. USA30 fell 1.99%, while USA500 lost 2.14%, marking its most significant one-day percentage drop since February. TECH100 closed 2.67% lower.
Crude oil traded 0.9% higher at $65.85 per barrel.
Gold fell 0.1% to $1,834.35 an ounce.
Asia and Australia
Markets traded mainly lower, close to one-month lows, as investors remained concerned about the impact of rising inflation on the global economic recovery.
Japan225 fell 0.72%.
HongKong45 was up 0.28%.
Down under, Australia200 edged 0.71% lower, as the country’s 10-year bond surged after the government handed down a large spending budget to boost the economic recovery.
Stocks traded higher, with the British index outperforming after better-than-expect growth data in March. Moreover, earnings in the banking and retail sectors added momentum. Germany30 and France40 each traded 0.1% higher. UK100 climbed 0.6%.
Brent oil rose 0.9% to $69.11 a barrel.
EUR/USD traded at 1.2138 after it lost 0.1%.
Sources: investing.com, reuters.com