Financial Markets Daily Report25 May 2021
Investors traded with a risk-on mood at the start of the week, reversing some of the losses of the previous sessions. In the U.S., tech stocks led the equity markets rebound, following comments by Fed officials, including governor Lael Brainard, reiterating that they see the spike in inflation as transitory.
- Investors traded with a risk-on mood at the start of the week, reversing some of the losses of the previous sessions. In the U.S., tech stocks led the equity markets rebound, following comments by Fed officials, including governor Lael Brainard, reiterating that they see the spike in inflation as transitory.
- As a result, U.S. 10-year Treasury yields declined modestly while the USD weakened against the EUR. In commodity markets, the oil price increased after Iran officials clarified that there is still no agreement to end the sanctions imposed by the U.S. government.
- On the data front, markets will be watching the release of May's Ifo survey in Germany as well as the April report of new home sales for the U.S. In addition, 3 Fed members, including Chicago Fed President Evans, are scheduled to deliver speeches today.