The current market situation (8.6.2020)
Important events this week:
- New York City will begin reopening after the first day in March, with no victims of the coronavirus. The Netherlands and Belgium plan to open bars and restaurants.
- ECB President Christine Lagarde attends Monday's European Parliament hearing.
- The Fed will decide whether to raise interest rates. Officials are expected to raise the bid above zero.
- The OECD announces its economic forecasts on Wednesday, i.e. a two-year analysis of the economic prospects of the member states.
- Euro area finance ministers meet on Thursday to discuss the EU's recovery package and the succession of the Eurogroup presidency.
The most important movements in the markets:
Actions
- The S&P 500 Index futures increased by 0.6% since 07:38 a.m. New York City time.
- The Nasdaq 100 index futures rose 0.1%.
- The Stoxx Europe 600 index fell 0.1%.
- The MSCI index in the Asia-Pacific region increased by 0.7%.
Currencies.
- The Bloomberg dollar index fell 0.1%.
- The euro fell 0.2% to $ 1.127.
- The British pound fell 0.1% to $ 1.2655.
- The Japanese yen strengthened by 0.1% to $ 109.43.
Bonds .
- The profitability of 10-year treasuries increased by one basis point to 0.91%.
- The yield on 30-year government bonds rose by three basis points to 1.69%.
- The yield on 10-year government bonds in Germany fell by two basis points to -0.30%.
- British 10-year bond yields decreased by one basis point to 0.345%.
Goods
- Brent crude oil fell 0.2% to $ 42.23 a barrel.
- Gold appreciated 0.6% to $ 1,694.92 an ounce.
- Iron ore rose 4.9% to $ 102.29 per metric ton.