Markets focused on earnings, and US inflation data - Thursday Review, May 13

By: Miguel A. Rodriguez

10:37, 14 May 2021

The latest economic data is not totally is line with what investors expected, raising inflation worries

The US

Wall Street closed higher, boosted by a labor market that seems to be recovering from the COVID-19 pandemic’s impact. USA30 rose 1.29%, while USA500 went up 1.2%. TECH100 edged 0.72% higher.

Crude oil fell 3.25% to $63.93 a barrel.

Gold was up 0.15% to $1,825.55 an ounce.

The Dollar Index added 0.05% to 90.730.

 

Asia and Australia

Stocks were down as the bond yields rose over concerns that the bigger-than-expected increase in US consumer prices could impact the global economic recovery.

HongKong45 traded 1.16%.

Japan225 fell 1.90% after March’s current account data was disappointing.

Down under, Australia200 was down 0.34%.

 

Europe

Germany30 gained 0.33%, while France40 gained 0.14%. UK100 slipped 1.3% after major companies such as Burberry, BP, and Royal Dutch Shell dragged the index lower.

Brent oil lost 2.91%, reaching $67.30 per barrel.

EUR/USD was up 0.07% to 1.2078.

Sources: investing.com, reuters.com

Share this article

This information prepared by capex.com/za 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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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 capex.com/zaJME 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.