Financial Markets Daily Report
03 febrer 2021

Investors traded in a risk-on mood yesterday amid better-than-expected GDP data in the eurozone (-0.7% qoq in Q4) and a continuation of stimulus negotiations in the US. 

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  • Investors traded in a risk-on mood yesterday amid better-than-expected GDP data in the eurozone (-0.7% qoq in Q4) and a continuation of stimulus negotiations in the US. 
  • The S&P 500 rose 1.4% on the day, led by shares of banks and industrial goods businesses, as Mr Biden met a group of Republicans to discuss their alternative stimulus package proposal. 
  • European stock markets also gained yesterday, with the Eurostoxx50 up 1.7% on the day. The gains were broad-based, with most major stock indices rising. 
  • In Italy, the MIB rose 1.1% and 10-year sovereign yields increased slightly as negotiations continued to form a new coalition government. Markets closed in the country before it was announced that Mario Draghi, former President of the ECB, would be summoned by President Mattarella to form a government. 
     
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