Economic data released during the day caused mixed market reaction - Tuesday Review, June 1

Economic data released during the day caused mixed market reaction - Tuesday Review, June 1

Oil closed higher on increased demand outlook from US, Europe, and China

The US

Wall Street closed mixedly, as the energy-led jump in value stocks was offset by weakness in tech and healthcare. USA30 was up 0.14%, while USA500 fell 0.05%. TECH100 slipped 0.1%.

Crude oil rose 2.43% to $67.93 a barrel.

Gold traded 0.19% lower at $1,901.70 per troy ounce.

The Dollar Index was down 0.10% at 89.907.

Asia and Australia

Markets traded mixedly as well, with investors digesting the economic data released worldwide and waiting for information from the US to assess the country’s economic outlook. HongKong45 rose 0.38%.

Japan225 fell 0.32%.

Down under, Australia200 traded 0.48% lower as investors expected that the Reserve Bank to maintain its loose monetary policy.

Europe

Stocks hit a fresh record high as data showed eurozone manufacturing activity expanded at a record pace in May. Europe50 and UK100 each gained 0.8%. Germany30 jumped 1% to a new record high, while France40 added 0.7%.

Brent oil rose 1.75%, trading at $70.53 per barrel.

EUR/USD was down 0.08% to 1.2215.

Sources: investing.com, reuters.com

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