Financial Markets Daily Report 23 marzo 2021
In yesterday's session, volatility declined, US stock indices rose led by gains in the tech sector and euro area equities were mixed.
Contenido disponible en
- In yesterday's session, volatility declined, US stock indices rose led by gains in the tech sector and euro area equities were mixed.
- The announcement of a new lockdown in Germany during Easter weakened touristic related firms while the depreciation of the Turkish lira (of more than 7%) had a bigger impact on firms exposed to the region.
- On monetary policy, the ECB increased the pace of net asset purchases as announced in the previous meeting. Last week, net asset purchases within the PEPP stood at €21.1bn (€14bn in the previous week). In this context, euro area sovereign yields edged down and peripheral spreads ticked up.
- In FX markets, the US dollar weakened against most advanced economies' currencies, the Swiss franc strengthened the most, and the euro fluctuated above $1.19.