Financial Markets Daily Report

Financial Markets Daily Report
10 October 2023

In the first session of the week, investors traded with a risk-off mood amid the escalation of Israeli-Palestinian conflict. In the macroeconomic front there were no relevant data releases.

FMDR
  • In the first session of the week, investors traded with a risk-off mood amid the escalation of Israeli-Palestinian conflict. In the macroeconomic front there were no relevant data releases.
  • In this context, the price of the European natural gas and the price of Brent oil rose, fluctuating around 44€/MWh and the $88 per barrel, respectively. In fixed-income markets, yields on euro area sovereign bonds declined notably and peripheral spreads widened modestly.
  • Stock indices registered losses in most euro area countries while, in the US, the outstanding performance of the energy sector pushed the the s&P 500 and Nasdaq indices up. In FX markets, the risk-off mood strengthened the safe-haven currencies, such as the US dollar, the Japanese yen and the Swiss franc.
  • Today, the focus will be on August industrial production data for Italy.
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FMDR