Financial Markets Daily Report 20 October 2021
In yesterday's session, investors traded with an optimistic tone amid positive corporate results in the U.S. and dovish comments by central bank officials. In particular, ECB Olli Rehn, reiterated that the current spike in inflation is mostly temporary, although some factors pushing up inflation might be more persistent than initially thought.
- In yesterday's session, investors traded with an optimistic tone amid positive corporate results in the U.S. and dovish comments by central bank officials. In particular, ECB Olli Rehn, reiterated that the current spike in inflation is mostly temporary, although some factors pushing up inflation might be more persistent than initially thought.
- In the U.S., the Federal Reserve Board Governor Michelle Bowman highlighted the obstacles many women have for working and the increase in retirements as potential drags for the U.S. labor market recovery and for the economy as a whole.
- In this context, volatility declined and stock indices increased across the board while, in fixed-income markets, sovereign yield curves steepened. The euro fluctuated above $1.16.
- Today the focus will be on the final September HICP figures for the euro area.