# Daily Global Market Summary - 2 June 2020

> The S&P Global daily market summary for 2 June 2020 reports global equities closing higher and credit indices tightening across investment grade and high yield. Brent and WTI oil ended the day higher, both within reach of $40 per barrel. The note also covers power demand in the Americas, which is 4-6% lower year to date due to mild weather and COVID-19 impacts.

- Date: 2020-06-02 · published 2020-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52906-daily-global-market-summary-2-june-2020
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

This is a routine market wrap with no new supply or demand shock for feed ingredients, though higher crude supports biofuel economics and soybean oil and corn ethanol margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/daily-global-market-summary-2-june-2020.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.