Financial Markets Daily Report06 abril 2021
In yesterday's session, US investors traded with optimism as more people are receiving vaccines and economic data releases came out better than expected. European markets were closed due to the Easter holiday.
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- In yesterday's session, US investors traded with optimism as more people are receiving vaccines and economic data releases came out better than expected. European markets were closed due to the Easter holiday.
- In particular, the change in non-farm payrolls in March was +916k (February's data was upwardly revised to +468k), hinting that the economic recovery is gathering pace. In addition, the ISM services index jumped to 63.7 points in March (55.3 in the previous month).
- In this context, US stock indices rose to new record highs while the yield on 10-year Treasuries edged down. In oil markets, the price of the barrel of Brent fell after OPEC+ decided to increase production by 2 mbd from May to July.
- This week the focus will be on March's final PMIs for most AE and EM economies and the release of the Fed and ECB last meeting minutes (Wednesday and Thursday, respectively).