Investors turned their attention to inflation data as the tech selloff gained momentum
Wall Street closed lower, as rising commodity prices and labor shortages fueled fears that near-term price spikes could lead to longer-term inflation. USA30 fell 1.36%, while USA500 lost 0.87%. TECH100 dropped 0.09%.
Crude oil traded 0.8% higher at $65.44 per barrel.
Gold edged up 0.11% to $1,837.39 per ounce.
Asia and Australia
Markets were down, following a tech-slide in US counterparts, as a surge in commodity prices raised inflation worries. HongKong45 fell 2.47%.
Japan225 slid 2.89% even after economic data showed that March’s household spending grew to 7.2%.
Down under, Australia200 was down 1.31% ahead of the reveal of the federal budget.
Brent oil added 0.5% to $68.69 a barrel.
EUR/USD traded at 1.2147 after it gained 0.2%.
Sources: investing.com, reuters.com
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