DDI Market Snapshot (June 17, 2020)

1 min read

US Equities ended in positive zone on strong US Retail Sales +17.7% and Trump consideration of $1 trillion spending. Market seems to like Powell comments that “US economy is nearing end of shutdown and beginning to rebound” and “FED is yet to wind down its balance sheet”. But later Powell comments on non-aggressive approach to corporate bonds buying and ruled out negative rates capped Equities topside and lifted USD higher. USD index raced higher to 97.25 before settling near 96.96 at NY closing. Outside US, UK data was mixed with better than expected 3.9% Unemployment Rate but still facing a…...

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