Financial Markets Daily Report24 desembre 2020
Investors traded in a risk-on mood as markets head into the holiday period. Yesterday, sentiment was supported by news that the UK and the EU are on the verge of unveiling a trade deal (an announcement is expected today).
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- Investors traded in a risk-on mood as markets head into the holiday period. Yesterday, sentiment was supported by news that the UK and the EU are on the verge of unveiling a trade deal (an announcement is expected today).
- Both the GBP and the EUR strengthened against the USD, euro area sovereign interest rates edged higher across core and peripheral countries and peripheral spreads nudged down.
- Stocks rose across the board, led by gains in European equities. U.S. stocks advanced moderately as investors digested Trump's refusal to sign the new fiscal package (but found support on economic data, as new claims for unemployment unexpectedly fell last week). Higher risk appetite also fueled an increase in commodity prices.
- Last but not least, we wish you happy holidays and hope your New Year will be off to a good start. This daily report will be back after the holiday season –unless economic and financial developments bring us back earlier.