Financial Markets Daily Report 09 diciembre 2020
Investors traded in a mixed mood in the first two sessions of the week. EM stocks were mixed and European equities nudged down, while U.S. stocks continued to advance on the back of health equities (the FDA signaled it will give the go-ahead to the Pfizer-BioNTech vaccine soon) and on greater hopes for a new fiscal package.
- Investors traded in a mixed mood in the first two sessions of the week. EM stocks were mixed and European equities nudged down, while U.S. stocks continued to advance on the back of health equities (the FDA signaled it will give the go-ahead to the Pfizer-BioNTech vaccine soon) and on greater hopes for a new fiscal package.
- In FX markets, the GBP weakened as UK and EU leaders continued to negotiate against the clock. Yesterday the UK announced it will drop controversial parts of its internal market deal (clauses that would have allowed the government to break the exit agreement with the EU), but the prospects of a trade deal remain uncertain.
- In fixed-income markets, core sovereign yields declined across the board and euro area peripheral spreads were little changed.
- In commodity markets, Brent oil prices fluctuated moderately below $50.