Financial Markets Daily Report 20 September 2021

In a session with a Triple witching hour in the U.S., an event that usually increases volume and volatility as several futures and options expire simultaneously, stock indices declined in the euro area and in the U.S. while sovereign yields edged moderately up on both sides of the Atlantic.

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  • In a session with a Triple witching hour in the U.S., an event that usually increases volume and volatility as several futures and options expire simultaneously, stock indices declined in the euro area and in the U.S. while sovereign yields edged moderately up on both sides of the Atlantic.
  • In FX markets, the U.S. dollar strengthened against advanced and emerging economies' currencies and the euro fluctuated below $1.18. In commodity markets, gas prices continued to increase while the price of the barrel of Brent fell by 0.4%.
  • This week the focus will be on the Fed meeting (Wed.), where we expect the FOMC to delay the tapering announcement due to the sread of the Delta variant. The Bank of Japan and the Bank of England are also meeting this week (Wed. and Thu., respectively), and both are expected to keep their monetary policy stance unchanged.
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