16 June 2021
Yesterday, the prevailing mood in the financial markets was calm before the end of Federal Reserve's meeting. Investors expect the central bank to keep the pace of asset purchases unchanged until at least August or September.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
15 June 2021
Investors traded with optimism as they awaited for clues from the Fed about the tapering of asset purchases.
14 June 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.
11 June 2021
Yesterday, investors traded with caution and did not get agitated with the news coming from the US inflation report and the ECB monetary policy meeting. The VIX index declined and shares fell modestly in the euro area and increased in the US (the S&P 500 reached a new all-time high). Sovereign yields edged down in both regions.
10 June 2021
In yesterday's session, investors traded cautiously ahead of today's U.S. CPI data for May (Bloomberg consensus expects +4.7% yoy) and the ECB monetary policy meeting (the focus will be on the updated macro projections and on the pace of net asset purchases under the PEPP, which will probably remain unchanged at 80bn per month).
09 June 2021
In yesterday's session investors traded cautiously following the release of better-than-expected Q1 GDP growth data for the euro area (revised up by 0.3 p.p. to -0,3%) and record high job opening figures for the U.S. (up by almost 1 million to 9.3 million in April).
08 June 2021
In the first session of the week, investors extended the positive tone seen during last Friday. In the euro area, economic data releases came in better than expected (EZ Sentix Investor Confidence rose in June to 28.0 from 21.0 and Spain's industrial production rose by 1.2% mom in April).
07 June 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%.
04 June 2021
The ADP National Employment Report showed private payrolls increased by 978,000 jobs, the biggest increase since June last year. Additional figures of the services sector showed signs of economic improvement. On the other hand, President Joe Biden may be open to hike the corporate tax rate below 28%.
03 June 2021
Wall Street's main indexes closed little changed as investors weighed inflation concerns and a fresh surge in so-called "meme stocks" : AMC jumped 97.44%. European equities closed at another record high amid hopes of a strong economic rebound that boosted cyclical stocks.