Financial Markets Daily Report15 November 2021
Investors closed the week with a cautious mood amid mixed economic data releases in the U.S. and dovish comments from ECB officials. In particular, the Finnish and Lithuanian central banks' chiefs insisted that the current inflation is transitory, although it may last longer than initially expected.
- Investors closed the week with a cautious mood amid mixed economic data releases in the U.S. and dovish comments from ECB officials. In particular, the Finnish and Lithuanian central banks' chiefs insisted that the current inflation is transitory, although it may last longer than initially expected.
- In the U.S., the labor market remains tight as the number of employers voluntarily quitting their job rose in September to a record high. Job openings also increased and reached a total of 10.4 million. Separately, the University of Michigan consumer sentiment index declined to a decade low.
- In this context, yields on sovereign bonds edged down in the euro area and peripheral spreads widened modestly. In equity markets, volatility declined and most stock indices in advanced economies closed higher.
- This week the focus will be on the U.S. retail sales and industrial production data for October.