28 January 2021
Markets suffered a risk-off session yesterday. Volatility jumped to levels not seen since autumn and stocks sold off across advanced and emerging economies, while the USD strengthened and commodity prices declined.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
27 January 2021
Investors traded cautiously in yesterday's session. The IMF updated its global economic forecasts – raising world GDP growth in 2021 to 5.5% but lowering the euro area's 2021 projections to 4.2% (-1.0pp). Spain's 2021 GDP growth forecast was lowered to 5.9% (-1.3pp).
26 January 2021
Volatility increased in the first session of the week as investors pondered over worsening pandemic dynamics. Stocks were mixed, advancing moderately in the U.S. and in emerging Asia while retreating across euro area core and peripheral countries.
25 January 2021
Markets ended the week on a cautious note as investors worried over deteriorating pandemic dynamics (compounded by news suggesting that the British strain of the coronavirus could be deadlier) and euro area indicators pointed at a decline in activity in January (the area-wide flash composite PMI nudged down to 47.5 points).
22 January 2021
In yesterday's session investors traded cautiously amid worsening pandemic numbers across the globe and an ECB monetary policy meeting with no surprises.
21 January 2021
In yesterday's session, investors traded with optimism as they expect US federal spending to raise economic growth in the coming quarters.
20 January 2021
In yesterday's session volatility declined as investors celebrated the speech of Janet Yellen. In her confirmation hearing to become the new US Treasury Secretary, Yellen urged lawmakers to "act big" on the next fiscal package and focus initially on public health and widespread vaccinations. Today Joe Biden takes office as US president.
19 January 2021
Financial markets started the week with a mixed tone in a session with the US markets closed for Martin Luther King, Jr. Day. Investors traded cautiously as they weighed rising COVID number across the globe, Joe Biden's stimulus plan and Q4 GDP numbers in China. (+2.6 qoq, +6.5% yoy, leaving 2020’s annual growth at 2.3%).
18 January 2021
Financial markets ended the week with a downbeat tone as investors considered Joe Biden's $1.9 trillion relief plan and the negative evolution of the pandemic.
15 January 2021
Investors traded in a mixed mood in yesterday's session, amid higher expectations of a fiscal push in the U.S., tighter mobility restrictions and political uncertainty in Italy.