Stocks hit records as Fed tapering concerns ease
Wall Street closed at new highs after data showed that the consumer price increases slowed in July, easing concerns that the Federal Reserve will signal a scaling back of bond purchases. USA30 rose 0.62%, and USA500 gained 0.25%, both reaching new record highs. TECH100 dropped 0.16%.
Crude oil settled at $69.25 per barrel after it gained 1.41%.
Gold settled up 1.2% at $1,753.30 per ounce.
The Dollar Index was down 0.13% at 92.933.
Asia and Australia
Gains remained modest as traders continued to assess the impact of rising COVID-19 cases and central bank asset tapering on the global economy.
Japan225 gained 0.56%.
HongKong45 was down 0.39%.
Down under, Australia200 rose 0.62%, with the Westpac consumer sentiment index dropping 4.4% in August compared to the 1.5% growth the month before.
Brent was up 1.15% to $71.44 per barrel.
GBP/USD rose 0.15% to 1.3858.
EUR/USD traded at 1.1737 after it gained 0.16%.
Sources: investing.com, reuters.com
This information is prepared for general circulation. It does not have 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 sc.capex.com