Financial Markets Daily Report
02 març 2021

In the first session of the week, investors traded with a positive and risk-on mood. The release of improving manufacturing PMI data in most countries (with the exception of China) and expectations that the vaccination campaign will be effective contributed to the optimism in financial markets.

Contingut disponible en
icones_financial-markets-daily-reports
  • In the first session of the week, investors traded with a positive and risk-on mood. The release of improving manufacturing PMI data in most countries (with the exception of China) and expectations that the vaccination campaign will be effective contributed to the optimism in financial markets.
  • In this context, stock indices rose across advanced and emerging economies, yields on euro area sovereign bonds declined sharply and peripheral spreads narrowed.
  • In oil markets, the price of the barrel of Brent declined by almost 4% amid rumors that OPEC+ would ease supply cuts after this week's meeting. Despite the improving economic outlook, Saudi Arabia’s energy minister urged oil producers to remain extremely cautious.
  • Today, the focus will be on February’s flash inflation release for the euro area.
Etiquetas