Financial Markets Daily Report 31 May 2021
In the last session of the week, global stocks remained near record highs lifted by the ongoing economic recovery from the pandemic and injections of fiscal and monetary policy stimulus.
- In the last session of the week, global stocks remained near record highs lifted by the ongoing economic recovery from the pandemic and injections of fiscal and monetary policy stimulus.
- European equities extended its gains, boosted by expectations that the ECB won’t hit the brakes on stimulus measures despite mounting evidence of a robust economic rebound.
- The yield on the 10-year US Treasury fell, with the market largely shrugging off a rise in U.S. core inflation above the Federal Reserve's target. The perception that the latest figures won’t be enough to prompt any change in policy by Federal Reserve officials has also helped sentiment.
- This week the focus will be on May inflation figures in the euro area, U.S. employment report for May (Fri.) and May’s final PMIs. Today U.S. and UK markets will remain closed.