Financial Markets Daily Report 16 septiembre 2021
Yesterday, investors continued to trade in a cautious mood. Asian stocks dropped after weak retail sales and industrial production data in China. In advanced economies, European equities declined while U.S. stocks rose on the back of greater optimism on the U.S. economic outlook.
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- Yesterday, investors continued to trade in a cautious mood. Asian stocks dropped after weak retail sales and industrial production data in China. In advanced economies, European equities declined while U.S. stocks rose on the back of greater optimism on the U.S. economic outlook.
- In fixed-income markets, sovereign yields rose both in the U.S. and the euro area. In a speech yesterday, the ECB's board member Isabel Schnabel pointed at the possibility that real interest rates are too low because markets might be overestimating the downside risks to the global growth outlook.
- In FX markets, most AE and EM currencies advanced moderately against the USD. In commodity markets, Brent oil prices surged above $75 after a larger-than-expected decline in U.S. crude stockpiles (inventories fell by 6.4 million barrels last week, and they currently stand about 7% below the 5-year average).