Financial Markets Daily Report 28 julio 2020
Financial markets started the week with a mixed session. In Europe, investors traded with a risk-off mood while in the US riskier assets benefited from progress in the negotiations for a new fiscal stimulus package and hopes for a COVID-19 vaccine.
- Financial markets started the week with a mixed session. In Europe, investors traded with a risk-off mood while in the US riskier assets benefited from progress in the negotiations for a new fiscal stimulus package and hopes for a COVID-19 vaccine.
- In this context, stock indices declined in the euro area and rose in the US. In fixed-income markets yields on euro area core countries edged lower while peripheral spreads widened. In FX markets, the US dollar continued to weaken ahead of the Federal Reserve's meeting and the euro fluctuated above $1.17.
- In commodity markets, the barrel of Brent was barely unchanged around $43 while the price of an ounce of gold rose by more than 2% and reached a new record high above $1,940 amid growing tensions between Beijing and Washington.