Market Quick Take - June 4, 2020
Stocks trade softer after the Nasdaq 100 briefly broke the February closing record while bank gains led the S&P 500 Index to a fresh three-month high yesterday. Bond yields and the dollar both rose after U.S. private payrolls showed fewer job losses than expected.
Market Quick Take - June 3, 2020
The global rally in stocks continues with the market increasingly pricing in a V-shaped recovery as policymakers unwavering support for asset markets and pledge to do more has succeeded in detaching markets from reality, for now. The dollar declined for a fifth day against its peers while the JPY dropped to the lowest since January against the euro.
Market Quick Take - May 29, 2020
US markets finished the day almost unchanged after pulling to new highs for the cycle briefly yesterday as caution returned on US President Trump announcing that today would bring new measures against China. The intensifying concerns linked to US-China tensions have likely driven the cautious stance in Asian markets overnight.