Financial Markets Daily Report
03 juny 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.

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  • 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.
  • The Fed reported in its Beige Book that the growth was at a "somewhat faster rate" and benchmark Treasury yields were modestly lower, trading within a tight range. Investors held off from making big moves ahead of monthly federal jobs report on Friday.
  • Oil prices extended their rally and closed at maximum since October 2018. An industry report pointed to a decline in U.S. crude inventories and reinforced optimism over the demand recovery.
  • On the economic calendar, today the key data to watch are the ADP employment and services PMI in Europe and U.S.
     
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