Financial Markets Daily Report 12 November 2021
Equity markets recorded a modest pickup on Thursday, recovering from the selloff in the previous session, after the stronger-than-expected U.S. CPI October data reinforced fears about intensifying inflationary pressures.
- Equity markets recorded a modest pickup on Thursday, recovering from the selloff in the previous session, after the stronger-than-expected U.S. CPI October data reinforced fears about intensifying inflationary pressures.
- Trading in the bond market was light on Thursday due a public holiday in the U.S. (Veterans day). In Europe, sovereign bond yields continued to edge up across the board, while the USD appreciated further, reaching 1.145 against the euro, as traders reassessed their expectations on the potential pace of monetary policy tightening by the Fed.
- In commodity markets, the price of one barrel of Brent rose during a volatile session as investors weighted the odds that the U.S. government could intervene to cool the increase in energy prices. Gas prices also rose in Europe.
- In the economic calendar today, industrial production for September in the euro area and consumer confidence for November in the U.S. will be released.