Financial Markets Daily Report
09 April 2021

Investors continued to trade in a low volatility environment as comments from policy makers reiterated their intention to support economic growth. In particular, Janet Yellen, US Treasury Secretary, urged the main economies to adopt an expansionary fiscal stance to secure a robust recovery.

FMDR
  • Investors continued to trade in a low volatility environment as comments from policy makers reiterated their intention to support economic growth. In particular, Janet Yellen, US Treasury Secretary, urged the main economies to adopt an expansionary fiscal stance to secure a robust recovery.
  • In the euro area, the accounts of the last ECB meeting showed that there was broad consensus among its members to accelerate significantly the pace of net assets purchases within the PEPP. Yet, less consensus was found in how big this increase should be.
  • In this context, stock indices advanced across the board while yields on sovereign bonds edged lower in the euro area and in the US. In FX markets, the US dollar weakened against most advanced and emerging economies' currencies and the euro fluctuated above $1.19.
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