Financial Markets Daily Report10 November 2021
In yesterday’s session, central bankers’ comments centered the stage again, as investors positioned for today’s release of the key CPI October data in the U.S.
- In yesterday’s session, central bankers’ comments centered the stage again, as investors positioned for today’s release of the key CPI October data in the U.S.
- In the U.S., several Fed members talked about the necessary conditions for the first interest rate hike. Jerome Powell said that the Fed will look at a wide range of indicators for assessing whether the full employment objective is met, including labor market disparities, "rather than just the headline numbers".
- In the euro area, Dutch Central bank president Klaas Knot said that current price pressures are largely transitory but might be more durable than initially expected. He also suggested that once the PEPP finishes, the ECB should keep the door open for increasing or decreasing the pace of asset purchases under the APP.
- In this context, yields on sovereign bonds edged down in both sides of the Atlantic and stock indices were mixed.