Thursday, May 19, 2022

Global Market Square

By on June 30, 2021

The U.S. and European stock markets ended with asymmetrical results, with Wall Street mostly up and the Eurozone mostly down.

The inflows we see in the U.S. stock markets are at $189 billion, the fastest growth rate since 2015. The rise has taken the markets to near all-time highs, and all is happening amid inflation fears and interest rates concerns. Stock rotation will continue as investors dig deeper into value stock opportunities

In the Eurozone, the situation turned negative, even amid positive economic news, which we detail below:

  • European Union Economic Sentiment Indicator rose to 117.00, up from 114.00 last month, an increase of 2.63% from the previous month and 51.55% from one year ago.
  • European Union Consumer Confidence Indicator improved to -4.50, up from -6.00 last month.
  • European Union Consumer Financial Situation of Household fell to 22.40, down from 22.70 last month a change of -1.32%.
  • Eurozone Core inflation fell to 0.9% from 1% last month. 

Eurozone Summary for June 30:

  • Stoxx 600 closed at 453.26, down 3.11 points, or 0.68%.
  • FTSE 100 closed at 7,037.47, down 50.08 points, or 0.71%
  • Dax index closed at 15,531.04 down 159.55 points, or 1.02%.

Wall Street summary for June 30:

  • The Dow Jones Industrial Average closed at 34,502.51, up 210.22 points, or 0.61%.
  • The Standard & Poor’s 500 closed at 4,291.50, up 5.69 points, or 0.13%.
  • The Nasdaq Composite Index closed at 14,503.95, down 24.38 points, or 0.17%.
  • The Birling Capital Puerto Rico Stock Index closed at 2,459.96, down 29.67 points, or 1.19%.
  • The U.S. Treasury 10-year note closed at 1.45%.
  • The U.S. Treasury 2-year note closed at 0.25%.

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