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Monthly review: How did the global equity market behave in June-21?

Monthly review: How did the global equity market behave in June-21?

Last updated: 07 Jul, 2021 | 01:53 pm

Monthly review: How did the global equity market behave in June-21?
  • Key equity market indices in the USA ended higher in June 2021 compared with the previous month, on the back of optimism around faster recovery and more stimulus. Tech-heavy NASDAQ zoomed 5.5%, while S&P 500 gained 2.22%. Dow Jones ended the month 0.08% lower.
  • The gains in the European markets were aided by robust macro data (strong PMI, upward revision in Italy’s GDP growth, improved jobs data from Germany, expansionary factory activity in Eurozone).
  • Japanese markets have been broadly steady as the uncertainty around COVID-19 and the re-enforcement of restrictions have kept investors cautious.
  • Certain domestic policies by Chinese regulators like increase in forex requirement ratio for financial institutions, tightening of restrictions related to cryptocurrency, US sanctions on companies having links with Chinese military weighed on gains in the equity markets.
  • During the first 20 days of the month, investors were concerned about the persistent inflationary pressures globally and “tapering talks” by key central banks to prevent overheating of the economies.

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