Financial Markets Daily Report04 novembre 2020
In yesterday's session, investor sentiment continued to improve as US citizens started casting their vote for the Presidential elections. The Democratic candidate, Joe Biden, was leading most national polls but the race for the White House was too close to call as of this morning.
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- In yesterday's session, investor sentiment continued to improve as US citizens started casting their vote for the Presidential elections. The Democratic candidate, Joe Biden, was leading most national polls but the race for the White House was too close to call as of this morning.
- In this context, stock indices rose across the board for the second consecutive day. In fixed-income markets, yields on euro area sovereign bonds edged lower and peripheral spreads narrowed. In the US, the Treasury yield curve shifted upwards, particularly so for longer maturities.
- In oil markets, the price of the barrel of Brent continued to rise amid signs that OPEC+ will delay the increase in production initially planned for January.
- The Fed will start its monetary policy meeting today and the statement will be released tomorrow evening.