Financial Markets Daily Report23 noviembre 2021
Financial markets started the week with mixed results. Investors balanced out the risk from the COVID outbreak in Europe with the re-appointment of Jerome Powell as the next Fed president and the nomination of Lael Brainard as the next VP, signaling policy continuity at the helm of the central bank.
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- Financial markets started the week with mixed results. Investors balanced out the risk from the COVID outbreak in Europe with the re-appointment of Jerome Powell as the next Fed president and the nomination of Lael Brainard as the next VP, signaling policy continuity at the helm of the central bank.
- Equities closed mixed in both sides of the Atlantic, with the US indices falling modestly amid a late session drop in tech shares. In Europe, shares rose across the periphery but fell in Germany, due to the risk of new COVID restrictions. Sovereign bond yields rose while the EUR depreciated further against the USD, nearing the 1.12 level.
- In commodity markets, the price of oil rose modestly after some OPEC+ officials signaled the group may adjust its production increase plans if consuming countries approve a coordinated release of strategic reserves.
- Today the focus will be on the November flash PMI surveys across advanced economies.