Goldman Sachs logo
Goldman Sachs

June 8, 2026

EMEA Monthly Liquidity Update

Monthly UpdateEquities

This report provides an overview of EMEA market liquidity metrics for May 2026. Trading volumes were down significantly, though volatility remained marginally lower.

Key Takeaways

  • 1.Market volumes in May were down 11% compared to YTD 2026, pressured by multiple bank holidays.
  • 2.Liquidity metrics showed narrower spreads and lower touch sizes during May compared to Q1.
  • 3.The Q2 MSCI rebalance on May 29th represented a significant volume driver, with $115B traded.

Table of Contents

  • Liquidity metrics at a glance
  • Liquidity Distribution by Venue
  • Total Turnover vs. Closing Auction
  • Intraday Volume Distribution
  • Spread & Touch Size
  • Disclaimer

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.