June 2021 and Second Quarter in Figures

June 30, 2021

The dollar was strongly bid against other currencies and gold during June but lost modest ground over the course of the whole second quarter. Although all the central banks highlighted in the feature did not change interest rates during the second quarter, Fed officials signaled that quantitative easing is likely to begin sooner that thought previously and may proceed at a faster pace that implied in previous forward policy guidance. Nonetheless, longer-term interest rates fell more sharply in June in the United States than in other economies. And U.S. and Canadian stock markets outperformed equities in Japan and Europe. The price of oil continued to soar in June, resulting in a quarterly advance of almost 25%.

10-Yr Yield 06/30/21 Chg in June 2Q Change
U.S. 1.46% -13 Basis Points -28 Basis Points
Germany -0.21% -2 +8
Japan 0.05% -2 -3
U.K. 0.71% -8 -13
Canada 1.39% -9 -17
Switzerland -0.33% -4 +6
CB Policy Rate 06/30/21 Chg in June 2Q Change
Fed funds target 0.00/0.25% 0 Basis Points 0 Basis Points
ECB deposit rate -0.50% 0 0
BOJ policy rate -0.10% 0 0
BOE Bank Rate 0.75% 0 0
Swiss 3M Libor -1.25/-0.25% 0 0
FX 06/30/21 June Chg in $ 2Q Chg in $
EUR/USD 1.1859 +3.1% -1.1%
USD/JPY 111.09 +1.4% +0.3%
USD/CHF 0.9251 +2.9% -2.1%
GBP/USD 1.3832 +2.7% -0.4%
AUD/USD 0.7498 +3.1% +1.2%
NZD/USD 0.6989 +4.1% -0.1%
USD/CAD 1.2394 +2.8% -1.4%
USD/CNY 6.4572 +1.4% -1.5%
Equities 06/30/21 Chg in June 2Q Change
S&P 500 4300 +2.3% +8.2%
Nasdaq 14504 +5.5% +9.5%
Djia 34503 -0.1% +4.6%
Dax  15531 +0.7% +3.5%
Nikkei 28792 -0.3% -1.3%
Ftse 7037 +0.2% +4.8%
Canada TSE 20159 +2.2% +7.8%
Swiss SMI 11943 +5.1% +2.5%
Commodities 06/30/21 Chg in June 2Q Change
Oil, $ per barrel 73.47 +9.8% +24.2%
Gold, $ per ounce 1770.80 -7.3% +3.3%

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

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