Financial Markets Daily Report 21 maig 2021
In yesterday's session, investors traded with a risk-on mood and drew away from safe-haven assets as new weekly jobless claims in the US posted the smallest figure since the start of a pandemic (444k).
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- In yesterday's session, investors traded with a risk-on mood and drew away from safe-haven assets as new weekly jobless claims in the US posted the smallest figure since the start of a pandemic (444k).
- In this context, stock indices rose across the board, with the Eurostoxx 50 and Nasdaq advancing +1.6% and +1.8%, respectively. In fixed income markets, yields on US treasuries declined and euro area peripheral spreads narrowed. In FX markets, the risk-on mood led to a stronger euro against the US dollar, fluctuating above $1.22.
- In oil markets, the price of the barrel of Brent extended its decline as progress is being made in the US-Iran nuclear deal, which could increase oil supply.
- Today the focus will be on May's flash PMIs for the main advanced economies, which are expected to post figures above 50 and reflect a solid pace of the economic recovery.