Market's evolution 15 of June to 19 of June 2015
Monday, 22 of June 2015
The week was again marked by news about Greece, which caused a declining weekly balance in European equity markets. In the US, however, the focus was on the meeting of the Fed that left interest rates unchanged for now.
Negotiations between Greece and its creditors stalled before the Eurogroup meeting on Thursday and crossed declarations increased tone, amid speculation on a B plan to allow Greece exiting EU. A meeting of Heads of Government for Monday 25, with a previous preparatory Eurogroup was convened. The markets were oscillating, with greater volatility.
The Fed, on the other hand, revised US growth forecast to 1.8-2.0% from 2.3-2.7% and consequently expects the first rate hike before year-end. Among investors, September meeting is the most likely shuffled, although the possibility that delay to December is increasingly taking shape.
The indices closed the week in Europe falling between -0.78% from IBEX 35 to -1.7% from French CAC 40. In the US there was progress of the same magnitude, with the Nasdaq 100 leading the weekly gain increasing + 1.3%.
In the European bond market it was a week of flight to quality, with the risk premiums of peripheral increasing whereas decreasing IRR of German Bund. Nevertheless, the week finished better than its most critical moments, in which the Spanish bono traded at 2.5% yield.
The euro appreciated slightly after the Fed downgraded growth estimates, from 1.12 to 1.13 USD / EUR.
Gold rose to almost $ 1,200 an ounce and a barrel of Brent hardly changed during the week, repeating in the area of 63 USD.