June and Second Quarter 2020 in Figures

June 30, 2020

The second quarter will be best remembered for the strong advances of stock markets after the first quarter’s debacle. Share price strength continued into June. There were no central bank interest changes in the countries featured in this update during the quarter, and net changes in 10-year sovereign debt yields were very small in June. Long-term rates for the quarter as a whole were significant and mixed from a direction standpoint in the cases of the U.K., Canada and Switzerland.

The dollar and sterling weakened during the quarter. Oil and gold prices rose strongly.

From early on April 1st to now, global Covid-19 cases climbed from 877,744 to 10,574,637 and related deaths advanced from 43,569 to 513,143. Similar proliferation during the third quarter would lift the global case and death counts to 127 million and 6 million people by September 30.

10-Yr Yield 06/30/20 Chg in June Change in 2Q
U.S. 0.66% +1 Basis Points -1 Basis Points
Germany -0.46% -1 +2
Japan 0.01% +2 +1
U.K. 0.17% -1 -18
Canada 0.52% -1 -18
Switzerland -0.50% +2 +37
CB Policy Rate 06/30/20 Chg in June Change in 2Q
Fed funds target 0.00/0.25% 0 Basis Pts 0 Basis Pts
ECB deposit rate -0.50% 0 0
BOJ policy rate -0.10% 0 0
BOE Bank Rate 0.10% 0 0
Swiss 3M Libor -1.25/-0.25% 0 0
FX 06/30/20 Jun Chg in $ 2Q % Chg in $
EUR/USD 1.1235 -1.2% -1.9%
USD/JPY 107.98 +0.2% +0.4%
USD/CHF 0.9474 -1.5% -1.6%
GBP/USD 1.2392 +3.7% +3.5%
AUD/USD 0.6897 -3.4% -10.8%
NZD/USD 0.6452 -3.7% -7.6%
USD/CAD 1.3581 -1.4% -3.4%
USD/CNY 6.9919 -1.0% +1.1%
Equities 06/30/20 Chg in June Change in 2Q
S&P 500 2586 +2.0% +20.1%
Nasdaq 7700 +6.0% +30.6%
Djia 21917 +1.7% +17.8%
Dax 9936 +6.2% +23.9%
Nikkei 18917 +1.9% +17.8%
Ftse 5672 +1.6% +8.8%
Canada TSE 13334 +2.3% +16.5%
Swiss SMI 9312 +2.2% +7.9%
Commodities 06/30/20 Chg in June Change in 2Q
Oil, $ per barrel 39.27 +10.7% +91.7%
Gold, $ per ounce 1793.00 +3.2% +13.2%

Copyright Larry Greenberg 2020.  All rights reserved.  No secondary distribution without express permission.

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