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Wednesday 2 June 2021

Key Events

Some corporate highlights:


One-fifth of U.S. beef capacity was wiped out in the JBS cyberattack

Mudrick Capital Management is said to have sold its entire AMC stake after an equity raise

J&J must pay a $2.1 billion talc award after the Supreme Court rejected an appeal

KKR and CD&R plan to take Cloudera private in a deal valued at about $5.3 billion


Here are key events to watch this week:


Philadelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan speak Wednesday

U.S. employment report for May on Friday


These are some of the main moves in markets:


Stocks

The S&P 500 was little changed as of 4 p.m. New York time

The Nasdaq 100 fell 0.2% to the lowest since May 24

The Dow Jones Industrial Average rose 0.1%, climbing for the fourth straight day, the longest winning streak since May 7

The MSCI World index rose 0.3% to a record high


Currencies

The Bloomberg Dollar Spot Index rose 0.1%, more than any closing gain since May 26

The euro was little changed at $1.2219

The British pound slipped 0.4%, more than any closing loss since May 19

The Japanese yen was little changed at 109.49 per dollar


Bonds

The yield on 10-year Treasuries advanced two basis points to 1.61%

Germany’s 10-year yield was little changed at -0.18%

Britain’s 10-year yield advanced three basis points to 0.83%


Commodities

West Texas Intermediate crude rose 2.4% to the highest on record

Gold futures fell 0.2% to $1,902 an ounce

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