Financial Markets Daily Report 14 juny 2021
In the last session of last week, European shares and the S&P 500 scaled new peaks while yields on U.S., Japanese and euro area government debt fell as investors embraced the easy monetary policies of major central banks.
Contingut disponible en
- In the last session of last week, European shares and the S&P 500 scaled new peaks while yields on U.S., Japanese and euro area government debt fell as investors embraced the easy monetary policies of major central banks.
- European equities rose for a fourth straight week, with cyclical sectors leading the gains. Benchmark Treasury yields registered their biggest weekly decline in a year as the market deemed a spike in inflation to be transitory.
- Oil prices reached fresh multi-year highs, closing out a third straight week of gains on an improved outlook for worldwide demand.
- This week the focus will be on Fed (Wednesday) and BoJ (Friday) monetary policy meeting, but there appears to be limited scope for a hawkish surprise. Also, EU-U.S. summit takes place in Brussels on Tuesday and data on U.S. industrial production, producer prices and retail sales for May will be released on Tuesday.