Financial Markets Daily Report 15 October 2021
Financial markets ended the day with positive results, as better-than-expected Q3 corporate earnings and economic data (new jobless claims in the U.S. fell to 293k last week) outweighed worries about inflationary pressures.
- Financial markets ended the day with positive results, as better-than-expected Q3 corporate earnings and economic data (new jobless claims in the U.S. fell to 293k last week) outweighed worries about inflationary pressures.
- Stocks rose notably in both sides of the Atlantic, erasing some of the losses of recent sessions. The risk-on mood reflected in a modest depreciation of the USD against its peers, with the EUR recovering slightly above 1.16. Sovereign yields also declined modestly.
- In commodity markets, the price of oil and gas rose markedly, following upward revisions in the global oil demand projections by the International Energy Agency.
- The key focus on the economic calendar today will be in the U.S., with the release of retail sales for September and consumer confidence for October.