Markets focused on earnings, and US inflation data - Thursday Review, May 13

Markets focused on earnings, and US inflation data - Thursday Review, May 13

The latest economic data is not totally is line with what investors expected, raising inflation worries

The US

Wall Street closed higher, boosted by a labor market that seems to be recovering from the COVID-19 pandemic’s impact. USA30 rose 1.29%, while USA500 went up 1.2%. TECH100 edged 0.72% higher.

Crude oil fell 3.25% to $63.93 a barrel.

Gold was up 0.15% to $1,825.55 an ounce.

The Dollar Index added 0.05% to 90.730.

Asia and Australia

Stocks were down as the bond yields rose over concerns that the bigger-than-expected increase in US consumer prices could impact the global economic recovery.

HongKong45 traded 1.16%.

Japan225 fell 1.90% after March’s current account data was disappointing.

Down under, Australia200 was down 0.34%.

Europe

Germany30 gained 0.33%, while France40 gained 0.14%. UK100 slipped 1.3% after major companies such as Burberry, BP, and Royal Dutch Shell dragged the index lower.

Brent oil lost 2.91%, reaching $67.30 per barrel.

EUR/USD was up 0.07% to 1.2078.

Sources: investing.com, reuters.com

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