Financial Markets Daily Report
08 juny 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).

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  • 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).
  • In the U.S., investors weighed Treasury Secretary Janet Yellen comments arguing that some inflation and a higher interest-rate environment would be positive for the U.S. economy.
  • In this context, stock indices advanced in most euro area trading floors while indices in the U.S. were mixed (the S&P 500 edged slightly down amid inflation concerns and the Nasdaq Index rose by 0.5%). In fixed-income markets, yields on sovereign bonds increased on both sides of the Atlantic and peripheral spreads widened modestly.
  • In FX markets, the U.S. dollar weakened against G10 currencies and the euro fluctuated slightly below $1.22.
     
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