Recession fears continue to weigh on financial markets

Recession concerns amid surging inflation rates and a sharp acceleration of monetary tightening across the globe continued to weigh on financial markets at the end of last week. Overall, US stocks have suffered their heaviest weekly fall since the outbreak of the coronavirus pandemic last week.

Energysvan economics news

Nothing special in the agenda today. US markets are closed for the Juneteeth holiday. European markets should digest the results of the French legislative elections on Sunday. President Macron lost its majority at the National Assembly due to an historical push in the number of elected candidates from far-left and far-right parties. The ruling coalition “Ensemble” is facing an unprecedented political situation that could lead to strong difficulties to enact the announced round of reforms. Suggestions of a dissolution of the National Assembly are already emerging from Macron’s supporters. Watch out for potential impacts on the EURUSD rate and the French 10-year interest rate.

Share this news :

You might also read :

ES-economy
May 18, 2021

Inflation. What else?

The inflationary threat continues to take center stage, particularly in the US and probably for some time to come. Bond yields edged up and equities…
ES-oil
June 24, 2021

Supply-side market

ICE Brent prompt contract remained at in the mid 75 $/b, as the EIA weekly report depicted a rather tight US crude market. Cushing drew…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Don’t have an account yet? 

[booked-calendar]