Company / Analytics

Analytics, 12 June 2020

Week 24 in Brief

How did the major indexes perform?

All three US indices finished the week up with volatility down following Thursdays’ market sell-off. Stocks suffered their sharpest daily decline in three months on Thursday, as grim economic forecasts and a worrisome uptick in new coronavirus cases rattled investors’ confidence. The market had been recovering and by Monday, the S&P 500 had climbed about 45% from its lows in late March and recouped all of its losses for the year. But this changed this week when the Fed provided a ‘sober’ economic assessment.

European stocks rallied despite investor fears of a second coronavirus wave in the US and a record contraction in the UK economy.

Asian shares were moderately lower Friday compared to the US partly because markets in the region have not seen massive gains in recent weeks.

Currencies

Commodities

The week Ahead?

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