Financial Markets Daily Report
03 September 2020

In yesterday's session, investors traded with a positive mood following advances in a possible vaccine and as central banks continue to provide highly accommodative financial conditions.

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  • In yesterday's session, investors traded with a positive mood following advances in a possible vaccine and as central banks continue to provide highly accommodative financial conditions.
  • In this context, stock indices registered solid gains in the US and in most euro area countries, except in Spain and Portugal where advances were modest. In fixed-income markets, yields on euro area 10-year sovereign bonds decreased significantly both in core and peripheral countries while, in the US, Treasury yields edged slightly down.
  • Elsewhere, the US dollar strengthened against most advanced and emerging economies' currencies and the euro fell below $1.19. The price of the barrel of Brent decreased towards $44. 
  • Today investors will pay attention to August's Services and Composite PMI releases for many advanced and emerging economies.
     
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