Financial Markets Daily Report 18 setembre 2020
Market risk appetite declined in yesterday's session as investors continued to digest the outcome of the Fed meeting. Stock markets declined across advanced and emerging economies while the safe-haven JPY appreciated.
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- Market risk appetite declined in yesterday's session as investors continued to digest the outcome of the Fed meeting. Stock markets declined across advanced and emerging economies while the safe-haven JPY appreciated.
- In fixed-income markets, yields on U.S. and German sovereign bonds nudged down. Euro area peripheral spreads were little changed.
- Brent oil prices rose above $43. In a regular monitoring meeting, the OPEC made no changes to its 7.7m b/d target for production cuts but warned non-compliant countries and asked them to compensate overproduction by end-2020.
- The Bank of England left its monetary policy stance unchanged as officials weighed somewhat stronger-than-expected data with the risk of a weaker recovery going forward. The BoE also announced that it would begin a process with UK bank regulators to study how it might implement negative rates.