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Equities rallied, as US Dollar fell amid inflation concerns growth - Monday Review, May 24

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Miguel A. Rodriguez
Miguel A. Rodriguez
25 May 2021
Bitcoin volatility continued to impact the markets

The US

Wall Street closed higher, boosted by a retreat in US Treasury yields, lifting expensive stocks mainly in the tech sector. USA30 rose 0.54%, while USA500 gained 0.99%. TECH100 jumped 1.41%.

Crude oil ended up 3.9% at $66.05 per barrel.

Gold was up 0.11% at $1.882 an ounce.

The Dollar Index languished near a four-month low, around the 90 mark.

 

Asia and Australia

Markets were mixed following the cryptocurrency volatility and the fact that concerns about the slowdown of stimulus measures continued.  Japan225 was up 0.37% ahead of Bank of Japan governor Haruhiko Kuroda’s speech.

Down under, Australia200 inched up 0.10%.

HongKong45 was down 0.33%.

 

Europe

Markets were closed for Whit Monday.

Brent oil settled up 3% at $68.46 a barrel.

EUR/USD was up 0.3% at 1.2215.

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.