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.
Tags: central bank interest rates, equities, foreign exchange rates, oil and gold prices, sovereign debt yields
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