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A slowdown in inflation boosted investor sentiment - Thursday Review, August 12

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Miguel A. Rodriguez
Miguel A. Rodriguez
13 August 2021
The asset tapering debate dominated global markets

The US

Wall Street reached new records, as the debate over when the Federal Reserve will start to ease stimulus continued. USA30 rose 0.04%, while USA500 added 0.30%, both of them closing at record highs for the third consecutive day. TECH100 traded 0.35% higher.

Crude oil settled at $69.09 per barrel, down 0.2%.

Gold was up 0.09% at $1,754.95 a troy ounce.

The Dollar Index traded at 92.933 after gaining 0.02%.

 

Asia and Australia

Stocks were mostly up over signs that US inflation is moderating and concerns over an earlier-than-expected asset tapering by the US Federal Reserve receded. Japan225 was up 0.21%.

HongKong45 slipped 0.33%.

Down under, Australia200 inched up 0.01%.

 

Europe

Markets inched higher, clinging to a winning streak that is on its ninth day. Germany30 added 0.70%, hitting a new all-time high. France40 gained 0.36% reaching a new five-year high. UK100 traded 0.2% lower.

Brent oil lost 0.2%, trading at $71.31 a barrel.

EUR/USD was up 0.03% to 1.1740.

 

Sources: investing.com, marketwatch.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.