Overview of TOP weekly news 16.6. 2021

16 / 06 / 2021
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Asian shares were mostly higher

Technological gigants helped to index S&P 500 to gain another record high.* After index S&P 500 close at new record are asian shares, and also world shares rasing up. Investors in Shanghai and Honkong watched developments following reports of a possible leak at the Taishan Nuclear Power Plant in Guangdong province, near Hong Kong. The company was operating within safety parameters, and the radiation levels in the city were normal from Monday night, said Carrie Lam, leader of Hong Kong. During Monday was Asian stock market optimistic about expectations of the US Federal Reserve’s forthcoming monetary policy decision.

Performance of S&P 500  (Source: Investing.com)

FED meeting

On Tuesday and Wednesday, Federal Reserve officials meet again to discuss the path for the country’s monetary policy. Investors watching the Fed meeting all over the world, i tis huge event for all markets. Most investors expect interest rates to rise, but the Federal Reserve said the wave of rising inflation should be temporary. Regarding to comments from Fed Chair – Jerome Powell, investors and economists may be able to said, if inflation is “transitory.”[1]

Changes in Israel

Longtime leader Benjamin Netanyahu was replaced on Sunday by Naftali Bennett. His nickname is Bibi and he was the longest-serving Israeli prime minister in history. World watched election because the international community, especially USA, would like to see a peace process between the Israelis and Palestinians. Unfortunatelly, current stage is that, two of the parties are vocally opposed to the establishment of a Palestinian state.

Tensions between China and the U.S.

China called the U.S. “very ill indeed,” after President Joe Biden got support from European allies to present a more united front against Beijing. State enterprises also got order from government to control and limit exposure to overseas commodities markets. Growing „trade war“ with China is leading to EU-US partnership. Together they launched a trade and technology council, that seeks to “write the rules of the road” on the global economy

Watch this week:

On Thursday, virtual Investor Day with PennyMac Mortgage Investment Trust.

You can expect virtual presentations from a diverse group of senior executives, multiple questions and answer sessions. PennyMac Financial Services, Inc. is specializing in financial services.

On Thursday, Japan BoJ interest rate decision for Consumer price index will be released.

*Past performance is no guarantee of future results.

[1 ] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.

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