09 June 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar subdued as investors look to key U.S. inflation gauge
- Asian Stocks Down Over Mixed Chinese Inflation Data
- Oil rises as Iranian supply not seen returning soon
The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve’s stimulus.
The euro fetched $1.21915 , bouncing back from its three-week low of $1.2104 set on Friday while the dollar eased to 109.26 yen , losing steam after having hit a two-month high of 110.325 late last week.
The dollar’s index against a basket of six major currencies stood at 90.021, not far from 89.533, a 4 1/2-month low touched late last month.
Asia Pacific stocks were mostly down Wednesday morning but moves remained small. Investors digested mixed inflation data from China while awaiting the same data from the U.S later in the week.
China’s Shanghai Composite edged up 0.13% while the Shenzhen Component was down 0.29%. Hong Kong’s Hang Seng Index inched up 0.01%. South Korea’s KOSPI was down 0.21%. Japan’s Nikkei 225 was down 0.25% and In Australia, the ASX 200 inched down 0.09%.
Oil prices rose on Tuesday, settling at the highest in more than two years after the top U.S. diplomat said that even if the United States were to reach a nuclear deal with Iran, hundreds of U.S. sanctions on Tehran would remain in place.
Brent crude rose 73 cents, or 1%, to close at $72.22 a barrel, the highest it has settled since May 2019. U.S. West Texas Intermediate oil rose 82 cents, or 1.2%, to settle at $70.05 a barrel, highest since October 2018.
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