Financial News from last week

Source:
http://creditbubblebulletin.blogspot.com/2020/06/weekly-commentary-bubble-meets-pandemic.html

For the 
week ending 

June 5, 2020:

S&P500 surged 4.9% 

    (down 1.1% y-t-d)

Dow Industrials jumped 6.8% 

   (down 5.0%)

Dow Utilities increased 2.0% 

   (down 5.1%)

Dow Transports spiked 10.1% 

    (down 9.4%)

S&P 400 Midcaps rose 8.3% 

    (down 7.4%)

Small cap Russell 2000 jumped 8.1% 
    (down 9.7%)

Nasdaq100 advanced 2.8% 

    (up 12.5%)

Biotechs slipped 1.2% 

   (up 9.9%). 

With bullion sinking $45, 

the HUI gold stock index 

fell 4.4% (up 8.0%).

Ten-year Treasury yields 

surged 24 bps to 0.90%

    (down 122bps). 

 U.K.'s FTSE jumped 6.7% (down 14.0%).

Japan's Nikkei advanced 4.5% (down 3.4% y-t-d). 

 France's CAC40 surged 10.7% (down 13.1%). 

German DAX rose 10.9% (down 3.0%). 

Spain's IBEX 35 jumped 10.9% (down 17.6%).

 Italy's FTSE MIB  rose 10.9% (down 14.1%).

 Brazil's Bovespa jumped 8.3% (down 18.2%)

Mexico's Bolsa rose 7.8% (down 10.6%). 

South Korea's Kospi gained 7.5% (down 0.7%).

 India's Sensex jumped 5.7% (down 16.9%). 

China's Shanghai gained 2.8% (down 3.9%). 

Turkey's Istanbul National 100 rose 4.3% (down 3.8%). 

Russia's MICEX increased 2.1% (down 8.3%).

Freddie Mac 30-year fixed mortgage rates gained three bps to 3.18% (down 64bps y-o-y).

 Fifteen-year rates were unchanged at 2.62% (down 66bps). 

Five-year hybrid ARM rates declined three bps to 3.10% (down 42bps). 

Jumbo mortgage 30-year fixed rates down 17 bps to 3.53% (down 62bps).

Federal Reserve Credit Over the past year, Fed Credit expanded $3.293 TN, or 87%. 

M2 (narrow) "money" supply surged $3.438 TN, or 23.4%, over the past year. 

Commodities Watch:

Bloomberg Commodities Index rallied 1.8% (down 20.0% y-t-d). 

Spot Gold fell 2.6% to $1,685 (up 11.0%). 

Silver dropped 5.5% to $17.479 (down 2.5%). 

WTI crude surged $4.06 to $39.55 (down 35%). 

Gasoline jumped 12.5% (down 28%)

Natural Gas fell 3.6% (down 19%). 

Copper recovered 5.4% (down 9%). 

Wheat declined 1.1% (down 8%).

 Corn gained 1.7% (down 15%).