Financial Markets Daily Report12 enero 2021
Investors traded in a negative mood on Monday amid a deterioration of the health crisis in the EU and the United States, following one of the best weeks for stock markets since November.
- Investors traded in a negative mood on Monday amid a deterioration of the health crisis in the EU and the United States, following one of the best weeks for stock markets since November.
- In the EU, the prospects of fresh lockdowns to respond to a deteriorating outlook for the pandemic led investors to downgrade their growth predictions for the first quarter of 2021. The Eurostoxx50 fell 0.7% and sovereign bond yields tightened slightly, including in core countries.
- Meanwhile, the S&P 500 dipped 0.7%, led by Twitter and Facebook shares which fell 6.4% and 4% respectively after the social media companies banned U.S. President Trump from their platforms. Yields on U.S. treasuries also continued their rise, reaching 1.15% for 10-year bonds, their highest level since March 2020.
- In currency markets, the dollar continued its gains against the euro and the spot rate for EUR/USD reached 1.215.