Financial Markets Daily Report01 septiembre 2020
The spread of new COVID-19 cases weakened investor's sentiment in the last session of August. Stock indices declined in most advanced and emerging economies except for the heavy technology-weighted Nasdaq index, in the US, and the Japanese Nikkei.
- The spread of new COVID-19 cases weakened investor's sentiment in the last session of August. Stock indices declined in most advanced and emerging economies except for the heavy technology-weighted Nasdaq index, in the US, and the Japanese Nikkei.
- In fixed-income markets sovereign yields rose in the euro area, particularly in the periphery, while the yield on long run Treasuries edged down.
- On central bank communication, Fed Vice Chair Richard Clarida said that following the release of the Fed's new long-run strategy last week, policymakers will start discussing possible new guidance and balance sheet communication. In the ECB, the Governing Council member Isabel Schnabel said there is no reason to adjust the monetary policy stance.
- Today the focus will be on August manufacturing PMIs for some euro area countries and the ISM indices in the US.