Notifications Bell

Inflation woes pushed global markets lower - Tuesday Review, May 11

Inflation woes pushed global markets lower - Tuesday Review, May 11

Investors turned their attention to inflation data as the tech selloff gained momentum

The US

Wall Street closed lower, as rising commodity prices and labor shortages fueled fears that near-term price spikes could lead to longer-term inflation. USA30 fell 1.36%, while USA500 lost 0.87%. TECH100 dropped 0.09%.

Crude oil traded 0.8% higher at $65.44 per barrel.

Gold edged up 0.11% to $1,837.39 per ounce.

Asia and Australia

Markets were down, following a tech-slide in US counterparts, as a surge in commodity prices raised inflation worries. HongKong45 fell 2.47%.

Japan225 slid 2.89% even after economic data showed that March’s household spending grew to 7.2%.

Down under, Australia200 was down 1.31% ahead of the reveal of the federal budget.


The stock market traded significantly lower, following the previous session’s tech selloff on Wall Street. Germany30 and France40 traded 1.9% and 1.8% lower, respectively. UK100 dropped 2.1%.

Brent oil added 0.5% to $68.69 a barrel.

EUR/USD traded at 1.2147 after it gained 0.2%.


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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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