Financial Markets Daily Report 16 June 2021
Yesterday, the prevailing mood in the financial markets was calm before the end of Federal Reserve's meeting. Investors expect the central bank to keep the pace of asset purchases unchanged until at least August or September.
- Yesterday, the prevailing mood in the financial markets was calm before the end of Federal Reserve's meeting. Investors expect the central bank to keep the pace of asset purchases unchanged until at least August or September.
- Treasury yields were steady and US stocks dropped from all-time highs as investors mulled the consequences of a drop in retail sales and an uptick in producer prices. European equities rose to an eighth successive record .
- The European Union raised 20 billion euros with the first bond backing its pandemic recovery fund and drew near-record demand.
- Oil prices rose to their highest in more than two years, buoyed by expectations demand will recover rapidly in the second half of 2021. Copper prices fell to their lowest level in eight weeks on concerns that China may tamp down on rising commodity prices.