Markets Reflect On Month Of High Drama
(Financial Times) — And, relax! A less febrile mood than of late is enveloping markets, as major financial centres prepare to put a painful and frenetic May behind them. The FTSE All-World equity index is up 0.8 per cent and commodities are firmer. But yields on highly-rated government bonds are a touch lower, suggesting investors’ confidence remains fragile. The euro has shrugged off some early pressure and is now pushing ahead. The single currency’s resurgence following supposedly soothing words from central banks on Thursday about its attractiveness helped to calm nerves regarding eurozone funding and sparked the previous session’s “risk on” rally. So traders will be eyeing the beleaguered unit’s moves warily today.