Financial Markets Daily Report 02 setembre 2021
Investors extended their risk apetite amid positive global manufacturing PMI releases. In August, factory activity remained strong in most economies, but several surveys continued to signal disrupted supply chains and labour shortages as the main risks. In the U.S., the input price index fell from 85.7 points towards 79.4.
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- Investors extended their risk apetite amid positive global manufacturing PMI releases. In August, factory activity remained strong in most economies, but several surveys continued to signal disrupted supply chains and labour shortages as the main risks. In the U.S., the input price index fell from 85.7 points towards 79.4.
- In the euro area, Germany ECB Jens Weidmann warned that inflation might overshoot the ECB projections, something that could push up inflation in the long run.
- In this context, volatility declined and stock indices advanced in most trading floors. In fixed-income markets, sovereign yields remained fairly stable in core euro area countries and the 10-year U.S. Treasury edged down.
- The price of the barrel of Brent fell by almost 2% after the OPEC and their allies agreed to keep unchanged their plan for gradually increasing oil supply (+400k bpd in October).