Financial Markets Daily Report 25 August 2020
Investors started the week on a positive note amid optimism over medical advances against the coronavirus. Volatility nudged down and stock markets rose across advanced and emerging economies.
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- Investors started the week on a positive note amid optimism over medical advances against the coronavirus. Volatility nudged down and stock markets rose across advanced and emerging economies.
- In fixed-income markets, U.S. and euro area sovereign yields edged up, while FX markets were little changed and the euro fluctuated around $1.18.
- In commodity markets, lower risk aversion pushed the price of gold down to a two-week low. The barrel of Brent oil rose to $45 –fueled by positive market sentiment and further supported by storms at the Gulf of Mexico, which have shut down more than half of the region's offshore production.
- This week the focus will be on central banking speeches at the annual Jackson Hole Symposium as well as on the release of second estimates for Q2 GDP figures in several advanced economies.