Financial Markets Daily Report05 October 2021
In the first session of the week, investors sentiment worsened and stock indices declined across the board, led by the tech sector. The euro area Sentix Confidence Index fell by 2.7 points to 16.9 in October, the third consecutive decline.
- In the first session of the week, investors sentiment worsened and stock indices declined across the board, led by the tech sector. The euro area Sentix Confidence Index fell by 2.7 points to 16.9 in October, the third consecutive decline.
- On monetary policy, ECB Luis de Guindos argued that the current spike in inflation has a component driver in the supply disruptions that may become structural, adding that the monetary policy stance would have to change if the inflation spike becomes permanent.
- The price of the barrel of Brent jumped above $80, a level not seen since 2018, after OPEC+ confirmed it would stick to its current output policy. In fixed-income markets, yields on sovereign bonds edged modestly up on both sides of the Atlantic while euro area peripheral spreads where stable.
- Today the focus will be on the final releases of September PMIs for the main advanced and emerging economies.