Financial Markets Daily Report
25 juny 2021

Investors ended the day with positive results, after strong sentiment data in Europe (Germany’s Ifo business climate index rose to the highest level in two years) and labour statistics in the US (new jobless claims fell to 411,000 weekly). In addition, President Biden announced a deal in the Senate on an infrastructure package worth USD 1.2 trillion.

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  • Investors ended the day with positive results, after strong sentiment data in Europe (Germany’s Ifo business climate index rose to the highest level in two years) and labour statistics in the US (new jobless claims fell to 411,000 weekly). In addition, President Biden announced a deal in the Senate on an infrastructure package worth USD 1.2 trillion.
  • As a result, equity markets rebounded in both sides of the Atlantic, with the benchmark S&P reaching a new record high. In the bond market, sovereign spreads tightened modestly in Europe while in the US the 10-year Treasury yield fluctuated around 1.5%. The USD depreciated slightly, but continued to trade below 1.20 against the EUR.
  • On the economic calendar for the last session of the week, markets will be watching the release of the PCE inflation report for May in the US as well as consumer sentiment data in both the US and Europe. A number of Fed officials are also scheduled to deliver speeches during the day.
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