Financial Markets Daily Report 07 juny 2021
In the last session of the week, investors traded with a positive mood amid robust employment data in the U.S. Non-farm payrolls rose by +559k in May (consensus expected +675k on average) and the unemployment rate dropped by 0.3 p. p. to 5.8%.
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- In the last session of the week, investors traded with a positive mood amid robust employment data in the U.S. Non-farm payrolls rose by +559k in May (consensus expected +675k on average) and the unemployment rate dropped by 0.3 p. p. to 5.8% (more details here).
- In this context, stock indices gained in most advanced economies and yields on sovereign bonds declined in the euro area and, particularly, in the U.S. Elsewhere, the U.S dollar weakened against most currencies and the price of the barrel of Brent continued to fluctuate above $70.
- On Saturday, G7 countries agreed to set a minimum global corporate tax rate of at least 15% and to overhaul the tax regime on multinationals. A final deal will need to be agreed in the G20 and among 139 nations at the OECD in Paris.
- This week the focus will be on Thursday's ECB meeting (see here) and on May CPI figures in the U.S. (Wed.).