Financial Markets Daily Report

Financial Markets Daily Report
15 octubre 2020

In yesterday's session, investors traded cautiously amid mixed corporate earnings releases in the US and economic data releases broadly in line with consensus expectations.

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  • In yesterday's session, investors traded cautiously amid mixed corporate earnings releases in the US and economic data releases broadly in line with consensus expectations. In addition, US Treasury Secretary Mnuchin played down the chances of reaching a stimulus deal before the election.
  • On Brexit, negotiations between the UK and the EU might extend further than October 15th if a deal is in sight, according to media sources. However, Boris Johnson said that he is disappointed by the slow progress of the trade talks.
  • In this context, advanced and emerging economies' stock indices were mixed, yields on euro area sovereign bonds edged down and peripheral spreads narrowed. In FX markets, the US dollar weakened against most G10 economies and the British pound strengthened.
  • In August, euro area industrial production rose by 0.7% MoM (+4.1% in July) while, in YoY terms, it fell by -7.2%.
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