Inflation, Inflation, Inflation - Wednesday Review, June 9

Inflation, Inflation, Inflation - Wednesday Review, June 9

Inflation reports kept investors on their toes

The US

Wall Street ended in the red as investors awaited inflation data for clues on when the US Federal Reserve could tighten its dovish monetary policy. USA30 fell 0.44%, and USA500 traded 0.18% lower. TECH100 dropped 0.09%.

Crude oil ended 0.1% lower at $69.96 a barrel.

Gold was down 0.07% to $1,893.10 a troy ounce.

The Dollar Index traded 0.07% higher at 90.135.

Asia and Australia

On the Asian front, markets were mainly lower. Investors focused on the mixed inflation data from China while waiting for updates from the US also on inflation later this week.

HongKong45 inched up 0.01%.

Japan225 was down 0.25%.

Down under, Australia200 traded 0.09% lower.

Europe

Markets closed the day mixedly with investors being cautious ahead of a policy decision from the European Central Bank and a US inflation reading later this week. Europe50 closed 0.1% higher, while Germany30 fell 0.4%. France40 rose 0.2%.

Brent oil remained unchanged at $72.22 a barrel.

EUR/USD was up 0.07% to 1.2179.

Sources: investing.com, reuters.com

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