Daily Report

4 de Junho de 2020
Daily Report 04.06.2020
  • Markets traded in a risk-on mood in yesterday's session as investors continued to focus on improvements in economic indicators.
  • In this context of higher risk appetite, stocks rallied across advanced and emerging economies (the U.S. S&P 500 index is back to November 2019 levels) and safe-haven currencies weakened.
  • In fixed-income markets, sovereign yields rose across the U.S. and the euro area. Today, the focus will be on the ECB's monetary policy meeting – in which we expect new policy announcements.
  • In May, China's Caixin services PMI jumped back into expansionary levels (55.0 points, up from 44.4 in April), while the euro area final figure for the composite PMI was revised up (31.9 points, up from 13.6 in April but still in the contractionary region) and the U.S. ISM non-manufacturing index rose to 45.4 points (from 41.8 in April).