Financial Markets Daily Report 13 October 2020
In the first session of the week, investors' mood improved despite an apparent deadlock in negotiations for a new fiscal stimulus package in the US. Stock indices rose in most trading floors and gains were particularly high in the US, where the surge in tech companies pushed the Nasdaq 100 to its biggest advance since April.
Content available in
- In the first session of the week, investors' mood improved despite an apparent deadlock in negotiations for a new fiscal stimulus package in the US. Stock indices rose in most trading floors and gains were particularly high in the US, where the surge in tech companies pushed the Nasdaq 100 to its biggest advance since April.
- In fixed-income markets, yields on core euro area sovereign bonds declined while peripheral risk premiums narrowed. In FX markets, safe haven currencies s.a. the Japanese Yen or the Swiss Franc strengthened while the Chinese Renminbi weakened after the PBOC took steps to cool down the currency rally.
- In oil markets, the price of the barrel of Brent fluctuated below $42 as Lybia's major oil field might reopen soon and the US Gulf region will be productive again after Hurricane Delta.
- This week the focus will be on the IMF's October WEO and its economic forecasts, which will be released today.