April 2021 in Figures

April 30, 2021

The month of April experienced significant further appreciation of U.S. equities and the price of oil. The Canadian and British stock markets kept pace with America’s to a certain extent, but the Swiss and Japanese lost ground. The dollar fell against a broad spectrum of other currencies, and the 10-year U.S. Treasury yield premium relative to other sovereign debt assets narrowed. None of the central bank rates highlighted in this feature changed policy interest rates during April. Inflation accelerated, but central bankers around the world agreed the development would prove temporary. Investors were less convinced and worry that it may be too late if monetary officials wait for clear real-time evidence to the contrary before they begin to taper down their very stimulative policy stances. In spite of the skepticism, the price of gold only rose a little more than 3.0%.

10-Yr Yield 03/31/21 04/30/21 April Change
U.S. 1.74% 1.62% -12 Basis Points
Germany -0.29% -0.20% +9
Japan 0.08% 0.08% 0
U.K. 0.84% 0.84% 0
Canada 1.56% 1.54% -2
Switzerland -0.33% -0.25% +8
CB Policy Rate 03/31/21 04/30/21 April Change
Fed funds target 0.00/0.25% 0.00/0.25% 0 Basis Points
ECB deposit rate -0.50% -0.50% 0
BOJ policy rate -0.10% -0.10% 0
BOE Bank Rate 0.75% 0.75% 0
Swiss 3M Libor -1.25/-0.25% -1.25/-0.25% 0
FX 03/31/21 04/30/21 April Chg in $
EUR/USD 1.1725 1.2023 -2.5%
USD/JPY 110.75 109.34 -1.3%
USD/CHF 0.9454 0.9131 -3.4%
GBP/USD 1.3783 1.3815 -0.2%
AUD/USD 0.7590 0.7814 -2.9%
NZD/USD 0.6982 0.7163 -2.5%
USD/CAD 1.2567 1.2294 -2.2%
USD/CNY 6.5527 6.4745 -1.2%
Equities 03/31/21 04/30/21 April Change
S&P 500 3973 4187 +5.4%
Nasdaq 13247 13963 +5.4%
Djia 32982 33875 +2.7%
Dax  15008 15131 +0.8%
Nikkei 29179 28813 -1.3%
Ftse 6714 6970 +3.8%
Canada TSE 18701 19108 +2.2%
Swiss SMI 11647 11022 -5.4%
Commodities 03/31/21 04/30/21 April Change
Oil, $ per barrel 59.16 63.58 +7.5%
Gold, $ per ounce 1713.90 1767.30 +3.1%

Copyright Larry Greenberg 2021.  All rights reserved.  No secondary distribution without express permission.

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