Financial Markets Daily Report 10 June 2020
In yesterday's session, investors traded with caution and leaned towards safer assets as they awaited for today's Federal Reserve monetary policy meeting conclusion.
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- In yesterday's session, investors traded with caution and leaned towards safer assets as they awaited for today's Federal Reserve monetary policy meeting conclusion.
- In this context, most advanced economies' stock indices fell, except for the US Nasdaq which registered a new record high. In fixed-income markets, yields on euro area sovereign bonds rose, particularly in the periphery, while yields on U.S. Treasuries edged down.
- In FX markets, the euro strengthened and fluctuated above $1.13 and the U.S. dollar weakened against safe-haven currencies such as the JPY and the CHF.
- The World Bank released its Global Economic Prospects in which it stated that 2020 GDP fall will be the sharpest since World War II. It also forecasted that emerging economies will contract for the first time since 1960.