Financial Markets Daily Report 23 desembre 2020
Investors traded cautiously in yesterday's session. European stocks rebounded from Monday's sell-off while most other benchmarks were mixed.
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- Investors traded cautiously in yesterday's session. European stocks rebounded from Monday's sell-off while most other benchmarks were mixed. Commodity prices declined and the USD strengthened moderately.
- In fixed-income markets, yields on U.S. and euro area sovereign bonds were little changed. In FX markets, volatility weighed on the GBP as officials continued to strive for a UK-EU trade deal.
- On the data front, U.S. consumer confidence declined for a second straight month in December according to the Conference Board's index (88.6 points, down from 92.9 in November).
- This morning, futures also signaled cautious trading as U.S. President Donald Trump refused to sign the new bipartisan fiscal package approved by Congress and said that he will ask for changes. If the president does not sign the legislation by the start of next week, the federal government will be shut down from December 29.