Financial Markets Daily Report07 noviembre 2023
In yesterday’s session markets were mixed across the globe in a day without major economic news. Sovereign bond yields rose on both sides of the Atlantic after days of declines, with euro periphery countries’ yields posting the largest increases and risk premia widening.
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- In yesterday’s session markets were mixed across the globe in a day without major economic news. Sovereign bond yields rose on both sides of the Atlantic after days of declines, with euro periphery countries’ yields posting the largest increases and risk premia widening.
- The main euro stock indices fell modestly, while US stock markets edged higher. Oil prices were mostly unchanged below $90 as fears of a demand slowdown amid weaker economic growth continue to drive markets. The US dollar was flat, and the euro traded around the $1.07 mark.
- Yesterday, euro area final PMI fell to 46.5 in October from 47.2 in September, its lowest level since November 2020. ECB’s Governing Council member Robert Holzmann stated yesterday that the central bank must remain “vigilant” and prepared to raise rates again if necessary.