Stocks edged higher amid positive economic data and earnings - Thursday Review, May 6

Stocks edged higher amid positive economic data and earnings - Thursday Review, May 6

The debate on the possible ongoing economic recovery continues

The US

Wall Street closed higher, boosted by a strong weekly jobless claim report, while vaccine makers dipped after President Joe Biden backed plans to waive patents on COVID-19 shots. USA30 added 0.93% hitting an all-time high, while USA500 gained 0.82%. TECH100 traded 0.37% higher.

Crude oil fell 1.19% to hit $64.85 per barrel.

Gold traded at $1,815.05 per ounce after it went up 1.72%.

The Dollar Index was down 0.43% at 90.903.

Asia and Australia

Stocks were mixed as major markets returned from holidays, focusing on whether the current economic recovery will cause inflation. HongKong45 was up 0.30%.

Japan225 jumped 1.98%.

Down under, Australia200 fell 0.51% as the New South Wales state reported new COVID-19 cases.

USD/JPY traded at 109.08 after it fell 0.09%.

Europe

Markets closed in the green, as investors focused on the mostly positive fresh round of corporate earnings, with the banking sector leading the way. Germany30 traded 0.6% higher, while France40 rose 0.5%. UK100 climbed 0.3%, reaching a 52-week high.

Brent oil fell 1.09% to trade at $68.21 a barrel.

EUR/USD was up 0.46% to 1.2061.

Sources: investing.com, reuters.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.