11th June 2021 Morning Report

The three major U.S. Stocks advanced, with the S&P 500 recording a record high as economic data seemed to support the Federal Reserve’s view that the latest inflation level will be temporary. However, the economically sensitive transports and smallcaps closed in negative territory. 

The financial sector was the biggest loser, due to the easing of U.S. Treasury yields.  United States 10-year bond yields broke below 1.5% for the first time since early March.

Global banking regulators led by the Basel Committee on Banking Supervision representing financial regulators from leading economies is proposing a new conservative prudential treatment for crypto-assets to avoid these currencies putting the wider financial system at risk. This would force banks to make provision of enough capital to cover 100% of potential losses, making it the highest capital requirement of any asset.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

July 4th Morning Report
July 3rd Morning Report
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
June 26th Morning Report
June 25th Morning Report
June 24th Morning Report
June 23rd Morning Report
June 19th Morning Report