Financial Markets Daily Report
12 gener 2021

Investors traded in a negative mood on Monday amid a deterioration of the health crisis in the EU and the United States, following one of the best weeks for stock markets since November.

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  • Investors traded in a negative mood on Monday amid a deterioration of the health crisis in the EU and the United States, following one of the best weeks for stock markets since November.
  • In the EU, the prospects of fresh lockdowns to respond to a deteriorating outlook for the pandemic led investors to downgrade their growth predictions for the first quarter of 2021. The Eurostoxx50 fell 0.7% and sovereign bond yields tightened slightly, including in core countries.
  • Meanwhile, the S&P 500 dipped 0.7%, led by Twitter and Facebook shares which fell 6.4% and 4% respectively after the social media companies banned U.S. President Trump from their platforms. Yields on U.S. treasuries also continued their rise, reaching 1.15% for 10-year bonds, their highest level since March 2020.
  • In currency markets, the dollar continued its gains against the euro and the spot rate for EUR/USD reached 1.215.
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