Investor hope regarding a post-pandemic economic recovery differs across the world
The benchmarks rallied after the ADP Non-Farm Employment report showed that the private sector created 749,000 jobs in the past month, topping the 650,000 expected. USA30 added 1.20%, while USA500 was up 0.83%. TECH100 rose 0.74%.
Gold gained 0.4% and settled at $1,895.50 per ounce.
The Dollar Index ended the day flat at 93.92.
Asia and Australia
Japan225 was down 0.17%, despite the 1.7% growth reported in industrial production. The result topped the 1.5% forecasted.
HongKong45 jumped 1.58% after the Manufacturing PMI actual figures beat the expected 51.2.
Despite the data reading showing an improvement of the countries’ economies, the markets ended the day in the red. Germany30 traded 0.6% lower, even though retail sales rose more than expected.
EUR/USD lost 0.1% to 1.1730, after Christine Lagarde, ECB President, hinted at a possible softer inflation target.
Read more about what made the markets move on Wednesday here!
Sources: reuters.com, investing.com
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