Good economic reports fuel optimism about the global recovery

Macro-economy
May 7, 2021

Optimism seems returning on financial markets for the end of this week: equities have rebounded, while bond yields remained stable. The USD lost some ground, pushing the EUR/USD exchange rate up to 1.2070. Good economic figures in the US ahead of likely strong job creation in April as well as optimistic comments from the BoE and Chinese trade figures above expectations have all contributed to reinforce global recovery hopes.

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Good economic reports fuel optimism about the global recovery

You might also read :

Crude prices up on expectations of new EU sanctions against Russia

Commission’s proposal to auction EUAs from MSR continued to pressure the carbon market

EUAs retreated after a weak auction result

Simplifying energy markets