Financial Markets Daily Report 16 February 2021
Markets started the week showing greater risk appetite as the World Health Organization listed AstraZeneca and Oxford University’s COVID-19 vaccine for emergency use. Stocks rose across advanced and emerging economies, the USD weakened moderately and commodity prices edged up. U.S. markets were closed for the Presidents day holiday.
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- Markets started the week showing greater risk appetite as the World Health Organization listed AstraZeneca and Oxford University’s COVID-19 vaccine for emergency use. Stocks rose across advanced and emerging economies, the USD weakened moderately and commodity prices edged up. U.S. markets were closed for the Presidents day holiday.
- In fixed-income markets, positive investor sentiment led to steeper sovereign yield curves both in core and peripheral euro area countries, but spreads were mostly unchanged. Spain's 10-year sovereign spread widened due to a change in the Bloomberg generic Spanish bond, from a bond maturing in October 2030 to one maturing in April 2031.
- On the data front, Japan's GDP advanced +3.0% qoq in Q4 (-1.2% yoy), leaving 2020's annual contraction at -4.8%. In Europe, euro area industrial production had fallen -1.6% mom and -0.8% yoy in December. Today, Eurostat will release a first update to the Q4 2020 euro area GDP estimates.