Financial Markets Daily Report25 noviembre 2020
Investors traded with a risk-on mood in yesterday's session amid the formal start of Joe Biden's transition into the White House.
- Investors traded with a risk-on mood in yesterday's session amid the formal start of Joe Biden's transition into the White House. In addition, markets reacted positively to former Federal Reserve Chair Janet Yellen’s nomination as the US Treasury Secretary.
- In this context, and with investor sentiment still boosted by a third promising vaccine, volatility declined, stock indices rose across advanced and emerging economies and the S&P 500 registered a new record high. In fixed-income markets, yields on euro area sovereign bonds edged up while peripheral spreads narrowed.
- In FX markets, the US dollar weakened against most advanced economies' currencies and the euro fluctuated slightly below $1.19. The price of the barrel of Brent extended its rally and rose towards $48.
- Today investors will focus on the accounts of the Federal Reserve’s last monetary policy meeting.