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NY Fed Weekly Economic Index (WEI)


May 31 5Y/10Y BTP And CCTeu Details

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STOCKS: Risk sentiment was dented by U.S.-Saudi tensions and uncertainty
regarding Brexit & the Italian budget situation.
- The Nikkei 225 shed ~1.7%, with modest JPY strength adding extra weight.
Softbank took the brunt of the escalation in Saudi-U.S. tensions owing to the
large investment the Kingdom has in the company, losing ~6% at one point.
- The CSI 300 & Hang Seng also followed suit falling by 0.8% and 1.0%
- Elsewhere, the ASX 200 lost ~1.1% with the financial and materials sectors
providing two of the largest sectoral drags on the index.
- U.S. index futures also traded softer.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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