Notifications Bell

The European key economic data was in the spotlight - Tuesday Review, June 8

The European key economic data was in the spotlight - Tuesday Review, June 8

Investors still wait for clues on the inflation outlook as the post-pandemic economic recovery continues

The US

Wall Street closed in a mixed fashion with stocks struggling to eke out closing gains as the lack of clear market booster kept investors away. USA30 fell 0.09%, while USA500 traded 0.02% lower. TECH100 added 0.31%.

Crude oil rose 0.62%, trading at $69.66 a barrel.

Gold traded 0.29% lower at $1,893.35 per ounce.

The Dollar Index was up 0.11% at 90.045.

Asia and Australia

Japan225 edged up 0.16% after the country’s GDP contraction turned up lower than 1.2% forecasted. Despite the 1% contraction, the figure came in lower than the 2.8% reported during the same time last year.

HongKong45 traded 0.10% lower.

Down under, Australia200 inched down 0.07% after the data released by the National Australia Bank (NAB) Business Confidence Index climbed to 20 last month, higher than the previous month’s 17 reading.


Europe50 closed 0.1% higher, while Germany30 fell 0.2% after data showed industrial output fell in April, as semiconductor shortages and various supply bottlenecks hamper the recovery of one of Europe’s largest economy.

Brent oil went up 0.42% hitting $71.79 a barrel.

EUR/USD was down 0.07% to 1.2180.


This information prepared by 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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

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.