Financial Markets Daily Report 21 abril 2021
In yesterday's session financial markets experienced risk aversion flows. Despite the positive results presented by some companies, the increase in COVID cases around the globe led investors to move from equities tied to the economic cycle to safer assets such as sovereign bonds, gold and safe haven currencies.
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- In yesterday's session financial markets experienced risk aversion flows. Despite the positive results presented by some companies, the increase in COVID cases around the globe led investors to move from equities tied to the economic cycle to safer assets such as sovereign bonds, gold and safe haven currencies.
- In this context, volatility measured with the VIX index rose and stock indices declined across the board. In fixed income markets, yields on sovereign bonds declined in the US and in the euro area (except in France due to a change in the Bloomberg references for some maturities) and peripheral spreads widened.
- In FX markets, the US dollar strengthened against most advanced economies' currencies (except for the Japanese Yen) and the euro fluctuated around $1.20. In commodity markets, the price of the barrel of Brent declined as concerns over the pandemic evolution, particularly in India, weighed on its expected demand.