Markets can’t catch a break amid Fed minutes, and disappointing economic data - Wednesday Review, May 19

By: Miguel A. Rodriguez

11:00, 20 May 2021

European stocks ended lower, dragged by the US selloff

The US

Wall Street ended lower after Fed’s Meeting Minutes showed that the US economy is still far from the central bank’s goals USA30 fell 0.48%, while USA500 lost 0.29%. TECH100 dropped 0.03%.

Crude oil traded 1.4% lower at $64.61 per barrel.

Gold rose 0.1% to $1,869.05 per ounce.

 

Asia and Australia

Japan225 settled up 2.09% as investors shrugged off disappointing GDP data.

HongKong45 traded 1.42% higher, boosted by gains in the energy and telecom sectors.

Down under, Australia200 finished 0.60% up, after the heavyweight mining and energy sector stocks traded higher.

 

Europe

Stocks traded lower following the late selloff reported on Wall Street. Germany30 traded 1.1% lower, while France40 fell 0.9%. UK100 dropped 1%.

Brent oil fell 1.3% to $67.86 a barrel.

EUR/USD traded at 1.2224 after it went up 0.1%.

Sources: investing.com, reuters.com

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