Financial Markets Daily Report25 August 2021
Markets were mixed in a light-volume session with no major economic releases. A rebound in Chinese equities and rising commodity prices supported EM currencies and triggered gains across emerging-economy stock markets. In advanced-economies, U.S. equities rose moderately while European markets closed mixed.
- Markets were mixed in a light-volume session with no major economic releases. A rebound in Chinese equities and rising commodity prices supported EM currencies and triggered gains across emerging-economy stock markets. In advanced-economies, U.S. equities rose moderately while European markets closed mixed.
- In fixed-income markets, sovereign yields edged higher in the U.S. but were little changed in the euro area. Peripheral spreads remained low.
- In FX markets, the USD weakened against most currencies and the euro fluctuated below $1.18.
- On the data front, Germany's GDP growth in Q2 was revised to 1.6% qoq (+0.1pp with respect to the flash estimate first released in July). Today there is a light economic calendar, with the release of sentiment indicators compiled by the Ifo institute.