Markets mixed amid elevated inflation - Monday Review, September 13

Markets mixed amid elevated inflation - Monday Review, September 13

Raised ECB forecasts pushed European stocks higher

The US

Wall Street closed the day mixedly as investors focused on potential corporate tax hikes and upcoming economic data. USA30 rose 0.76%, while TECH100 dropped 0.07%. USA500 closed 0.23% higher, breaking a five-day losing streak.

Oil traded 0.8% higher at $70.27 a barrel.

Gold fell 0.1% to $1,791.05 per ounce.

Asia and Australia

On Monday, stocks were mainly lower, with traders focusing on the risk of slower economic recovery from COVID-19 amid elevated inflation.

Japan225 was down 0.21%.

HongKong45 slid 1.80%.

Down under, Australia200 was up 0.31%.

Europe

Markets ended higher, with investors buying into the idea of a strong economic recovery in the region following last week’s ECB policy decision. Germany30 traded 0.7% higher. France40 and UK100 each climbed 0.5%.

Brent oil rose 0.7% to $73.45 per barrel.

EUR/USD lost 0.3% trading at 1.1778.

Sources: investing.com, reuters.com

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