Financial Markets Daily Report 09 junio 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).
- 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).
- In addition, the World Bank revised upwards its macroeconomic projections to account for the U.S. fiscal stimulus and faster growth in China. In 2021, global GDP is expected now to increase by 5.6%, by 6.8% in the U.S. and by 4.2% in the euro area (4.1%, 3.5%, and 3.6% respectively in January's projections).
- In this context, stock indices fell modestly in the euro area and in Asia while U.S. shares edged up. Sovereign yields decreased on both sides of the Atlantic and, in FX markets, the U.S. dollar strengthened against most advanced and emerging economies' currencies. Brent prices increased and fluctuated above $72.