Global stocks closed mostly higher as inflation fears were left behind. Promising economic data improved investor sentiment
Wall Street closed higher after a jump in US inflation was considered insufficient to alter the Federal Reserve monetary policy stance that rising consumer prices will be transitory. Moreover, the unemployment claims fell to the lowest point in almost 15 months. USA30 rose 0.06%, and USA500 gained 0.47%. TECH100 added 0.78%.
Crude oil closed the session at $70.29 a barrel.
Gold traded at $1,896.40 an ounce.
The Dollar Index fell 0.11% to 90.041.
Asia and Australia
Japan225 was up 0.45% as the market expected the industrial production data for April to be released later in the day. The figures came in at 99.60, up from last month’s 97.20.
HongKong45 ended 0.35% higher.
Down under, Australia200 rose 0.41% after the Housing Industry Association (HIA) New Home Sales published a 15.2% increase in the number of newly constructed homes sold, marking an improvement from last month’s -54.4% decrease.
The European Central Bank announced that it would purchase bonds at a “significantly higher” pace than earlier this year, reaffirming its March promise as expected by most central banks. Europe50 was up 0.1% but hit an all-time high at 455.76. UK100 edged 0.10% higher, while Germany30 traded 0.06% lower.
EUR/USD traded 0.02% lower at 1.2176.
Brent oil settled at $72.52 per barrel.
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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.