05.10. Inflation continues, dollar strengthens, and Asian stocks fall

News for today, October 5th:

Asian stocks suffered losses on Tuesday morning after a sell-off on Wall Street, resulting from the high oil prices coupled with supply chain disruptions that triggered concerns in the markets. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3%, a decline continuing for a third session straight. The plummeting markets pushed the main MSCI benchmark to 619.87, its lowest figure since November 2020. Fears also persist over rising raw material prices, persisting inflation and difficult economic recovery from COVID-19, all weighing on the economic activity.

The US dollar approached an annual high versus other major currencies once again, ahead of a key payrolls report at the end of the week that could prompt the Federal Reserve to begin tapering stimulus starting next month. Gold, in turn, was down in Asia on Tuesday morning, despite approaching more than a week's peak in the previous session due to lingering fears about inflation.

At this time, the price of Brent crude is $ 81,58 per barrel, WTI — $ 77,81. EUR/USD is at 1.1604, GBP/USD —1.3611, gold is at $ 1,759.13 per ounce.