Financial Markets Daily Report 21 octubre 2021
In yesterday's session, financial markets traded with an optimistic tone amid positive corporate earnings releases in the U.S. and across Europe. Investors remain concerned, though, about inflationary pressures as the Fed's Beige Book reported significant increases in prices and wages in a decelerating economy.
- In yesterday's session, financial markets traded with an optimistic tone amid positive corporate earnings releases in the U.S. and across Europe. Investors remain concerned, though, about inflationary pressures as the Fed's Beige Book reported significant increases in prices and wages in a decelerating economy.
- In Germany, the Bundesbank President and member of the ECB Governing Council, Jens Weidmann, announced that he will leave his role on December 31st, five years before the end of its mandate, due to personal reasons. He has been known for being critic with the low interest rate environment and large-scale asset purchases.
- In this context, stock indices rose modestly across the board while sovereign yields edged down in the euro area and rose in the U.S. The USD weakened against most of its peers and the euro fluctuated above $1.16.
- On the data front, Eurostat confirmed that HICP September euro area inflation was 3.4% (1.9% the core index).