Financial Markets Daily Report
15 desembre 2020

Investors started the week with fresh optimism as the EU and the UK are set to continue negotiating to reach a deal before the transition period ends by December 31st.

Contingut disponible en
icones_financial-markets-daily-reports
  • Investors started the week with fresh optimism as the EU and the UK are set to continue negotiating to reach a deal before the transition period ends by December 31st. In addition, the launch of a COVID-19 vaccine campaign in the US boosted investors' sentiment despite concerns of renewed lockdown measures in some regions.
  • In this context, stock indices rose in most advanced economies while the S&P 500 and the MSCI Emerging indices declined modestly. Yields on core euro area sovereign bonds ticked up and peripheral spreads narrowed.
  • In FX markets, the euro extended its rally and fluctuated above $1.21 while the sterling pound strengthened as negotiations between the EU and the UK continue.
  • In oil markets, while OPEC now expects oil demand to be lower in 2021 than previously forecasted, the improvement in sentiment led to an increase in oil prices and the barrel of Brent fluctuated above $50.
Etiquetas