May 2021 in Figures

May 31, 2021

Commodity prices and many commodity-sensitive currencies performed well during May. The weighted dollar index depreciated 1.2%, squandering all of its rise from the first four months of 2021, and dollar losses in May amounted to 1.5% or more against six of the eight currencies featured in the table below. Although central bank policy interest rates were not changed in the United States, Euroland, Great Britain, Japan, and Australia were not changed in May, those in Armenia and Iceland increased by 50 and 25 basis points, respectively. Small net increases in 10-year sovereign debt yields occurred in Switzerland and Germany, whereas those in Canada, Britain, the U.S. and Japan recorded marginal declines. Equities strengthened by varying degrees, and a 1.5% drop in  U.S. Nasdaq was a notable exception.

10-Yr Yield 05/31/21 04/30/21 Change in May
U.S. 1.59% 1.62% -3 Basis Points
Germany -0.19% -0.20% +1
Japan 0.07% 0.08% -1
U.K. 0.79% 0.84% -5
Canada 1.48% 1.54% -6
Switzerland -0.23% -0.25% +2
CB Policy Rate 05/31/21 04/30/21 Change in May
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 05/31/21 04/30/21 May’s Chg in $
EUR/USD 1.2228 1.2023 -1.7%
USD/JPY 109.55 109.34 +0.2%
USD/CHF 0.8989 0.9131 -1.6%
GBP/USD 1.4205 1.3815 -2.7%
AUD/USD 0.7733 0.7814 +1.0%
NZD/USD 0.7275 0.7163 -1.5%
USD/CAD 1.2062 1.2294 -1.9%
USD/CNY 6.3700 6.4745 -1.6%
Equities 05/31/21 04/30/21 Change in May
S&P 500 4204 4187 +0.4%
Nasdaq 13749 13963 -1.5%
Djia 34529 33875 +1.9%
Dax  15421 15131 +1.9%
Nikkei 28866 28813 +0.2%
Ftse 7023 6970 +0.8%
Canada TSE 19731 19108 +3.3%
Swiss SMI 11363 11022 +3.1%
Commodities 05/31/21 04/30/21 Change in May
Oil, $ per barrel 66.91 63.58 +5.2%
Gold, $ per ounce 1909.50 1767.30 +8.0%

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

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