Market's evolution 01 of June to 05 of June 2015
Monday, 08 of June 2015
We closed the week with most equity indices in negative. The ECB meeting in which Draghi warmed the bond market and dragged the bag stating that the actors in the financial markets must get used to the volatility after a long period of interest rates at very low levels. Also, Greece's request on Thursday to delay all outstanding payments to the IMF until June 30, unable to reach agreement with creditors, weighed on the stock.
On the positive side, the ECB noted the favorable bond purchase program (QE) and was optimistic about the economic recovery, even revised upwards its inflation forecasts for 2015.
The points at which Greece continues to disagree with your creditors are compromised growth, reforms in the labor market and pensions, lines "red" according to the Greek Government.
European shares ended the week with decreases of between 1.39% and 2.57% IBEX UK, while major US indices ended with falls between 0.69% of S & P and Nasdaq 100 to 0, 90% of Dow Jones.
Fixed income, fueled by comments from ECB had a busy week with the IRR of the German bund rising from 0.50% to 0.85% to 0.99% levels and the IRR of Spanish 10-year bond it rose from 1.85% to 2.20% while the risk premium remained.
The American bond also moved yields rise, standing at 2.37% for the Treasury. The IMF recommended the Fed to delay the rate hike expected by the market.
As for currencies, the euro appreciated against the USD, the JPY i sterling, although it ended far from the highs of the week. A barrel of oil was lower, although it ended the week at $ 63 / barrel after OPEC decided to maintain the current level of production and reach to touch the 61 USD / barrel.