An ICYMI from a note from JPM (via Reuters)
- S&P 500 index to hit 4,000 by early 2021
- Pfizer COVID-19 vaccine update "one of the best backdrops for sustained gains in years."
- index to hit about 4,500 by the end of 2021
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JP Morgan forecast S&P500 to 4000 in early 2021 and higher still after that
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Japan data - May industrial production +0.5% m/m (expected +1.1%)
- Japan May unemployment rate 2.5% (expected 2.5%, prior 2.5%)
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- UK shop prices hold steady in June but business confidence slips on surging cost fears
- Rare earths, export controls and WTO reform headline new EU-China trade framework
- Emerging markets bulls hold firm despite Middle East conflict and oil import risks
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