In yesterday's session, investors traded with a risk-on mood and drew away from safe-haven assets as new weekly jobless claims in the US posted the smallest figure since the start of a pandemic (444k).
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European equities dropped as investors looked for the next catalysts to give the market direction. In Spain, shares of utility companies dropped over a draft bill the government is preparing that could drive down electricity prices.
In yesterday's session investors traded cautiously following the release of better-than-expected Q1 GDP growth data for the euro area (revised up by 0.3 p.p. to -0,3%) and record high job opening figures for the U.S. (up by almost 1 million to 9.3 million in April).
In the last session of last week, European shares and the S&P 500 scaled new peaks while yields on U.S., Japanese and euro area government debt fell as investors embraced the easy monetary policies of major central banks.
Investors traded with optimism as they awaited for clues from the Fed about the tapering of asset purchases.
During a session with low trading volumes (markets were closed in the US), investors recorded modest gains, fuelled by positive sentiment data across Europe (the service PMI was revised up by 0.3 points to 58.3 in June, the highest level since July 2007).
In the last session of the week, investors' sentiment improved and markets ended the day with positive results.
The new forward guidance of the ECB, a tilt more dovish, was received smoothly by financial markets in a session where investor sentiment continued to improve on the back of positive corporate results.
Volatility declined and global stock markets rebounded as the rout in Chinese equities eased and investors digested the outcome of the Fed's monetary policy meeting.
Financial markets started the week without major turbulences and still digesting Powell's dovish comments from last week. In this sense, Cleveland Federal Reserve President Loretta Mester said yesterday that the inflation spike will be transitory and that the U.S. labor market is not yet at full employment.
In the last session of August, investors weighed the slowdown of some economic sentiment indicators (e.g.: U.S. Conference Board's consumer confidence at 113.8 from 125.1 in July and China's Composite PMI down to 48.9 in August from 52.4) against an upside surprise in the euro area inflation.
Markets traded on a positive mood in yesterday's session. Optimism on the economic recovery sent commodities and advanced-economy stocks higher, and in FX markets the USD eased against the major currencies. Yet, EM equities and currencies were mixed.
Markets traded in a cautious mood in yesterday's session. Stocks were mixed across advanced and emerging economies while in FX markets the USD strengthened against the major currencies. In commodity markets, prices were little changed.
Una de les conseqüències de l’esclat de la crisi sanitària provocada per la COVID-19 ha estat la major conscienciació de la població i, per extensió, de la classe política sobre la necessitat d’introduir criteris de sostenibilitat en les polítiques econòmiques, amb la finalitat d’impulsar una reactivació de l’economia de forma més sostenible i resilient. El sector turístic no és aliè a aquestes tendències, en primer lloc, perquè la seva pròpia activitat es pot veure perjudicada per les conseqüències del canvi climàtic i, en segon lloc, perquè hi ha un ampli marge perquè l’activitat turística sigui més sostenible. Aquest article tracta de respondre què entenem per sostenibilitat al sector turístic, com es pot mesurar, en quin punt es troba el sector turístic espanyol i cap a on es dirigeix.
Investors traded in a cautious mood in the first session of the week. Volatility rose, U.S. equities declined moderately and European and EM stocks nudged up.
Financial markets ended the day with positive results, as better-than-expected Q3 corporate earnings and economic data (new jobless claims in the U.S. fell to 293k last week) outweighed worries about inflationary pressures.
In yesterday's session, investors traded with an optimistic tone amid positive corporate results in the U.S. and dovish comments by central bank officials. In particular, ECB Olli Rehn, reiterated that the current spike in inflation is mostly temporary, although some factors pushing up inflation might be more persistent than initially thought.
In yesterday's session, financial markets traded with an optimistic tone amid positive corporate earnings releases in the U.S. and across Europe. Investors remain concerned, though, about inflationary pressures as the Fed's Beige Book reported significant increases in prices and wages in a decelerating economy.
In yesterday's session, financial markets ended with mixed results, following the better-than-expected economic data releases in the U.S. (October retail sales and industrial production rose by 1.7% and 1.6 m-o-m, respectively) and comments from various Fed officials.
Inflation remained the key focus of investors on Thursday, following comments by Fed and IMF officials that the rebound in prices might be more broad based and "sticky".