Financial Markets Daily Report 18 desembre 2020
In yesterday's session investors continued trading with moderate optimism. Despite the evolution of the pandemic and the weekly 23k increase in initial unemployment claims in the US, hopes that the fiscal stimulus would be finally unveiled led the main US stock indices to new record highs.
Contingut disponible en
- In yesterday's session investors continued trading with moderate optimism. Despite the evolution of the pandemic and the weekly 23k increase in initial unemployment claims in the US, hopes that the fiscal stimulus would be finally unveiled led the main US stock indices to new record highs.
- In the euro area, advances in equities were broad-based. Gains were also generalized in emerging economies. In fixed-income markets, yields on sovereign bonds were barely unchanged and euro area peripheral spreads rose mildly. The euro extended its strength and fluctuated above $1.22, a level not seen since Q2 2018.
- In the UK, the Bank of England decided to keep its monetary policy tools unchanged while EU-UK trade talks continued without a breakthrough.
- In oil markets, the price of the barrel of Brent continued to increase and registered a 9-month high above $51.