Financial Markets Daily Report

Financial Markets Daily Report
23 October 2020

In yesterday's mixed trading session, the Eurostoxx50 posted a 0.3% loss and European sovereign bond yields edged up as data showed a deterioration of consumer confidence in the euro area.

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  • In yesterday's mixed trading session, the Eurostoxx50 posted a 0.3% loss and European sovereign bond yields edged up as data showed a deterioration of consumer confidence in the euro area. In particular, the index published by the European Commission fell from -13.9 in September to -15.5 in October.
  • In Germany, bond yields edged up and the DAX fell 0.1% following a deterioration in consumer confidence: Germany's forward-looking confidence index for November fell to -3.1, from -1.7 in October.
  • On the other side of the Atlantic, the S&P 500 rose and the U.S. Treasury yield curve steepened after lawmakers signalled fresh optimism over a government stimulus bill and U.S. unemployment data was positive. Initial jobless claims came in at around 800,000 for the week, their lowest level since early March.
  • Energy stocks gained as the price of Brent climbed 1.8% to reach $42.5.
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