A quiet day for markets due to holidays in the UK and US - Monday Review, May 31

A quiet day for markets due to holidays in the UK and US - Monday Review, May 31

Asian stocks traded in a mixed fashion over economic data

The US

American markets were closed on Memorial Day.

Crude oil rose 0.98% to $66.97 a barrel.

Gold was up 0.14% to $1,907.95 per troy ounce.

The Dollar Index was down 0.18% at 89.830.

Asia and Australia

Japan225 fell 0.66% after data from the day revealed that Industrial Production for April grew 2.5% month-on-month topping March’s 1.7%.

HongKong45 was down 0.29%.

Down under, Australia200 edged down 0.14% ahead of Reserve Bank of Australia’s policy decision.

Europe

Stocks closed lower as investors focused on inflation data from some of the region’s biggest economies. Germany30 retreated from an all-time high hit last week, ending the day 0.7% lower. France40 was also around 0.7% lower, while Spain35 fell approx. 0.9%. The UK markets were closed on Spring Bank Holiday.

Brent oil went up 0.99% to $69.40 per barrel.

EUR/USD traded 0.31% higher at 1.2227.

Sources: cnbc.com, investing.com

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