Energy sector pushed global stocks higher - Wednesday Review, June 2

By: Miguel A. Rodriguez

11:20, 03 June 2021

Despite the positive economic data, investors are still concerned about inflation

The US

Wall Street was moved by the energy sector, which continued to rack up gains. Moreover, investors are waiting for the job numbers due Friday. USA30 gained 0.07%. USA500 and TECH100 each added 0.14%.

Crude oil rose 1.48% to $68.72 a barrel.

Gold was up 0.32% to $1,911.05 per ounce.

The Dollar Index was up 0.10% at 89.905.


Asia and Australia

Markets traded in a mixed fashion amid positive economic data and concerns about the US Federal Reserve withdrawing stimulus measures earlier than expected. Japan225 rose 0.48%.

HongKong45 edged down 0.06%.

Down under, Australia200 rose 0.77% after data released earlier in the day showed a 1.8% quarter-on-quarter increase in GDP.



Stocks mainly gained as energy companies got a lift as oil pushed further into record territory. Germany30 added 0.23% hitting a new all-time high. France40 rose 0.2%, while UK100 was flat.

Brent oil went up 1.42% to $71.25 a barrel.

EUR/USD traded at 1.2210.


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.