The US Federal Reserve continues to be committed to its current monetary policy
Wall Street closed in a mixed fashion as Federal Reserve Chairman Jerome Powell backed the Fed’s accommodative monetary policy stance. USA30 added 0.13%, while USA500 gained 0.12%. TECH100 fell 0.22%.
Crude oil traded 0.3% lower at $75.04 a barrel.
Gold edged up 0.2% to $1,812.55 per ounce.
Asia and Australia
HongKong45 traded 0.57% as the US warned the American companies of increasing risks of operating in the city earlier in the week.
Japan225 was down 0.31%. The Bank of Japan is due to hand down its monetary policy on Friday.
Down under, Australia200 was up 0.23% even after Sydney extended the COVID-19 lockdown for another two weeks.
Markets weakened as a jump in US inflation raised concerns that the Fed could tighten its ultra-easy monetary policies sooner than expected. Germany30 and France40 each traded 0.2% lower. UK100 dropped 0.4%.
Brent oil fell 0.2% to $76.31 per barrel.
EUR/USD added 0.1% trading at 1.1787.
Sources: investing.com, reuters.com
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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.