Daily Market Commentary

June 10, 2021

Bonds & Stocks
U.S. equities climbed and government bonds fell after data showed that consumer prices rose more than forecast last month, stoking concern that inflation may prompt the Federal Reserve to reign in its ultra-accommodative policies.

Prices paid by U.S. consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens.

The European Central Bank renewed its pledge to maintain faster emergency bond-buying despite significant upgrades to its outlook for growth and inflation, as it attempts to sustain the euro area after more than a year of debilitating economic crisis.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell..

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