Financial Markets Daily Report 10 febrero 2021
In yesterday's session investors traded amid few relevant economic news or data releases. Stock indices edged down in most advanced economies after a rally that lasted a week but remain positive in the MTD.
- In yesterday's session investors traded amid few relevant economic news or data releases. Stock indices edged down in most advanced economies after a rally that lasted a week but remain positive in the MTD.
- In fixed-income markets, yields on sovereign bonds remained broadly unchanged in the euro area and in the US. In Spain, el Tesoro issued a new €5bn 50-year bond with a 1.45% coupon. After this issuance, which attracted €65bn demand, the average maturity of the Spanish debt is above 8 year, a historical maximum.
- In FX markets, the US dollar weakened against most advanced and emerging economies' currencies and the euro fluctuated above $1.21. In oil markets, the price of the barrel of Brent rose for the seventh consecutive day and traded above $61.
- Today we knew that French industrial production fell in December (-0.8% mom, consensus expected +0.4%).