Financial Markets Daily Report 30 julio 2020
Yesterday, investors in the US traded with optimism as the Federal Reserve kept its official interest rates unchanged and reiterated its intention to "act as appropriate to support the economy".
- Yesterday, investors in the US traded with optimism as the Federal Reserve kept its official interest rates unchanged and reiterated its intention to “act as appropriate to support the economy”. Nevertheless, the central bank cautioned that the economic outlook is demanding and "will depend significantly on the course of the virus".
- In this context, stock indices rose by more than 1% in the US and decreased in euro area trading floors. In FX markets, the euro continued to strengthen and fluctuated towards $1.18 while the USD weakened against most advanced economies' currencies.
- In oil markets, the price of the barrel of Brent rose as US crude inventories fell by 10.6 million barrels.
- Today the focus will be on the 1st GDP estimate of Q2 in the US and Germany (expected to deliver a huge drop in activity) and the preliminary estimate of July HICP inflation in Spain.