Financial Markets Daily Report15 septiembre 2020
Investors traded on a cautious note in the first session of the week. U.S. stocks advanced across the board (including the tech-heavy Nasdaq, which had been lagging in the last sessions) while European indices were mixed. In fixed-income markets, yields on U.S. and euro area core sovereign bonds were roughly unchanged.
- Investors traded on a cautious note in the first session of the week. U.S. stocks advanced across the board (including the tech-heavy Nasdaq, which had been lagging in the last sessions) while European indices were mixed. In fixed-income markets, yields on U.S. and euro area core sovereign bonds were roughly unchanged.
- In FX markets, the GBP strengthened modestly as several Conservative MPs refused to back the bill that would allow the government to override parts of the brexit deal. Yet, the House of Commons passed the first reading of the bill.
- In oil markets, the barrel of Brent fluctuated moderately below $40 as the OPEC lowered its global oil demand forecasts for the coming quarters in its latest monthly oil market report.
- On the data front, the release of euro area industrial production figures showed that the recovery had continued in July (+4.1% mom) but that output still stood well below pre-pandemic levels (-7.7% yoy).