Company / Analytics

Analytics, 27 June 2020

Week 26 in Brief

How did the major indexes perform?

US stocks ended the week lower, concerned by a resurgence in the number of coronavirus cases that have rolled back reopening measures in some states. Meanwhile, investors were also parsing the results of the Federal Reserve’s bank stress tests which resulted in a cap on dividends and stock buybacks.

European markets closed lower amid coronavirus fears, in a week that was dominated by corporate news centred around Wirecard.

Asian markets followed Wall Street, reacting to U.S. regulators’ decision to remove some limits on banks’ ability to make investments.

Currencies

Commodities and other assets

The week Ahead?

Markets will remain tuned to virus news in the coming week, as the battle between stimulus-fueled optimism and second wave fears rages on. The US virus count might be what tips the scales, not just for stocks but for currencies also, as risk appetite has become the dominant force in the current volatile market.

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