Financial Markets Daily Report 03 September 2020
In yesterday's session, investors traded with a positive mood following advances in a possible vaccine and as central banks continue to provide highly accommodative financial conditions.
- In yesterday's session, investors traded with a positive mood following advances in a possible vaccine and as central banks continue to provide highly accommodative financial conditions.
- In this context, stock indices registered solid gains in the US and in most euro area countries, except in Spain and Portugal where advances were modest. In fixed-income markets, yields on euro area 10-year sovereign bonds decreased significantly both in core and peripheral countries while, in the US, Treasury yields edged slightly down.
- Elsewhere, the US dollar strengthened against most advanced and emerging economies' currencies and the euro fell below $1.19. The price of the barrel of Brent decreased towards $44.
- Today investors will pay attention to August's Services and Composite PMI releases for many advanced and emerging economies.