Financial Markets Daily Report 21 julio 2021
In yesterday's session, investors' sentiment improved and recovered from Monday’s lows amid upbeat corporate results. Stock indices in the euro area and in the US rose as traders bought the dip (the S&P 500 registered its biggest daily increase since March).
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- In yesterday's session, investors' sentiment improved and recovered from Monday’s lows amid upbeat corporate results. Stock indices in the euro area and in the US rose as traders bought the dip (the S&P 500 registered its biggest daily increase since March).
- In fixed-income markets, the US Treasury yield curve steepened (the 10-year Treasury yield rose above 1.20), euro area sovereign yields continued edging down, with the German Bund yielding -0.41%, and peripheral spreads ticked slightly up.
- In FX markets, the US dollar continued to strengthen against most advanced economies' currencies and the euro fluctuated below $1.18, a level not seen since early April. In oil markets, the price of the barrel of Brent recovered some of the lost ground and rose above $69.