Financial Markets Daily Report 15 June 2021
Investors traded with optimism as they awaited for clues from the Fed about the tapering of asset purchases.
- Investors traded with optimism as they awaited for clues from the Fed about the tapering of asset purchases.
- The S&P 500 and Nasdaq finished at record highs and European equities advanced, ending at a record high for a seventh day. Energy shares led gains, while carmakers underperformed.
- The US 10-year Treasury yield pulled back under 1.5% and euro area bond yields followed treasuries. The dollar was steady while most currencies were rangebound as markets positioned before the Fed decision.
- Oil prices pared gains, after hitting their highest levels in more than two years, as growing US crude production and Britain's delayed COVID-19 reopening dampened expectations for fuel demand growth and tighter supplies.
- Today, an EU-U.S. summit takes place in Brussels on Tuesday. Investors may also take their cue from a busy schedule of U.S. data, including retail sales and industrial production.