Financial Markets Daily Report03 marzo 2021
In yesterday's session investors traded cautiously. Stock indices declined in the US, particularly so the tech-heavy Nasdaq, and were mixed in the euro area.
- In yesterday's session investors traded cautiously. Stock indices declined in the US, particularly so the tech-heavy Nasdaq, and were mixed in the euro area.
- In fixed-income markets, sovereign yields edged down on both sides of the Atlantic as ECB and Fed officials expressed their willingness to keep an accommodative monetary policy stance. In particular, Lael Brainard said that the Federal Reserve is still far from reaching its objectives.
- In oil markets, the price of the barrel of Brent declined for the second consecutive day on market expectations that OPEC+ will ease supply restrictions this week.
- In Spain, the employment report showed that affiliation decreased by 30k in February (seasonally adjusted) while unemployment rose by 44k people. In the euro area, headline inflation stood at +0.9% in February.