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Market Overview
Good News from China Pulls Stock Exchanges Up
Yesterday was marked by a day of risk
appetite. A private indicator of China's industrial activity rose to a
four-month high in May, driven by an increase in production at a time when more
factories have reopened.
The US equity markets
the Dow Jones index climbed up by 0.36%, the S & P500 index rose
by 0, 38 % and technological Nasdaq increased by 0.66%. In
Europe, its main reference index, Stoxx 600, rose by 1.1 %.
In the debt market,
yields rose in both the United States and Europe, revealing a departure
from this market.
Oil prices have soared after news that the
alliance of oil-producing countries, led by Saudi Arabia and Russia, is close
to an agreement to prolong collective production cuts until September 1.
Gold, on the other hand, has closed in
green without respecting normal market correlations.
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