Financial Markets Daily Report 14 gener 2022
In yesterday's session, the economic impact of the omicron variant together with investors' expectation for central banks were the main drivers in financial markets.
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- In yesterday's session, the economic impact of the omicron variant together with investors' expectation for central banks were the main drivers in financial markets.
- On the one hand, new jobless claims in the US rose last week to a nearly two-months high, amid rising coronavirus infections. On the other hand, several Fed officers, including Governor Brainard, suggested that the interest rate lift-off could start as early as March, once the net asset purchases are concluded.
- In this context, stock indices declined in the US, where several financial institutions will start the earnings season today, and edged up modestly in the euro area. In fixed-income markets, yields on sovereign bonds declined on both sides of the Atlantic.
- Elsewhere, the euro strengthened modestly and traded closer to $1.15 while Brent prices fluctuated above $84.