03 September 2019
Investors traded cautiously in the first session of the week.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
On Friday, markets ended a turbulent August with modest stock market increases and sovereign yields fluctuating around year-lows.
Stock markets rose across advanced and emerging economies as investor sentiment was buoyed by conciliatory remarks on the trade front.
Global stocks were mixed and the focus in yesterday's session was on political developments in Europe.
Markets started the week on a constructive note as investors found support on positive geopolitical gestures.
Stock markets rose mildly in most trading floors while yields on sovereign bonds edged up in the US and declined in the euro area (the German Bund reached a new minimum yielding -0.58%).
After the risk-off session of Monday, triggered by the depreciation of the Chinese yuan above the 7 yuans per US dollar threshold, financial markets' volatility moderated and stock indices edged down in Europe and rose in the US.
Financial markets buckled on Monday after China let its yuan weaken below 7 to the dollar, an 11 year low, adding to broad risk aversion on concerns about the escalation of the US – China trade tensions.