02 octubre 2019
Volatility rose and stocks tumbled across advanced and emerging economies as the release of disappointing economic indicators led to a risk-averse mood among investors.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
Volatility rose and stocks tumbled across advanced and emerging economies as the release of disappointing economic indicators led to a risk-averse mood among investors.
Markets started the week with modest gains on the back of conciliatory statements from U.S. and Chinese officials (a White House trade adviser dismissed the idea of delisting Chinese companies as "fake news"; a Chinese official asked for a "constructive attitude" towards resolving differences).
Financial markets behaved differently on both sides of the Atlantic, reacting to different drivers.
Investor sentiment improved on the back of the optimistic tone expressed by Donald Trump in relation to the trade negotiations with China.
In yesterday's session, financial assets' valuations fluctuated on economic sentiment data, news on trade tensions, and increasing talks among Democrats of impeaching President Trump (which was publicly announced once markets closed).
Financial markets ended the week amid mixed signals from trade negotiations and monetary policy.
Markets traded cautiously as investors shifted their attention from this week's monetary policy meetings to the resumption of trade negotiations between the U.S. and China.
U.S. stocks and 10-year sovereign yields ended little changed as investors digested the outcome of yesterday's Fed meeting.
Global stocks were mixed as market attention shifted from the weekend's attack on Saudi Arabia's oil facilities to today's Fed meeting.