Wall Street closed higher after a jump in US inflation was considered insufficient to alter the Federal Reserve monetary policy stance that rising consumer prices will be transitory. Moreover, the unemployment claims fell to the lowest point in almost 15 months. USA30 rose 0.06%, and USA500 gained 0.47%. TECH100 added 0.78%.
Crude oil closed the session at $70.29 a barrel.
Gold traded at $1,896.40 an ounce.
The Dollar Index fell 0.11% to 90.041.
Asia and Australia
Japan225 was up 0.45% as the market expected the industrial production data for April to be released later in the day. The figures came in at 99.60, up from last month’s 97.20.
HongKong45 ended 0.35% higher.
Down under, Australia200 rose 0.41% after the Housing Industry Association (HIA) New Home Sales published a 15.2% increase in the number of newly constructed homes sold, marking an improvement from last month’s -54.4% decrease.
The European Central Bank announced that it would purchase bonds at a “significantly higher” pace than earlier this year, reaffirming its March promise as expected by most central banks. Europe50 was up 0.1% but hit an all-time high at 455.76. UK100 edged 0.10% higher, while Germany30 traded 0.06% lower.
EUR/USD traded 0.02% lower at 1.2176.
Brent oil settled at $72.52 per barrel.
Sources: investing.com, reuters.com