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【HSBC Market Information】Equities rallied on reopening optimism

Key Takeaways

  • US continuing jobless claims declined by over four million, suggesting some workers are returning to work
  • In the coming week, the US May employment report and central bank meetings in Europe and Canada will be in focus
  • Global equities rallied last week amid optimism around economies reopening; European equities outperformed on fiscal stimulus hopes
  • Treasuries were little changed, while European periphery spreads tightened amid policy stimulus hopes
  • Crude oil prices fell slightly with doubts around some OPEC+ members’ commitment to production cuts 

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