Financial Markets Daily Report23 October 2023
In the last session of the week, investors traded with a risk-off mood amid fears of a escalating conflict in the Middle East. The VIX index, despite remaining at historically moderate levels, reached its highest level since March and stock indices declined across the globe.
- In the last session of the week, investors traded with a risk-off mood amid fears of a escalating conflict in the Middle East. The VIX index, despite remaining at historically moderate levels, reached its highest level since March and stock indices declined across the globe.
- In fixed-income markets, yields on sovereign bonds declined on both sides of the Atlantic, particularly so in the short-end of the yield curves. Elsewhere, the euro strengthened against most advanced economies' currencies and fluctuated below $1.06, while the price of the barrel of Brent traded above $92.
- This week the focus will be on the ECB Governing Council monetary policy meeting on Thursday, where interest rates are expected to remain unchanged. Also, October flash PMIs will be released on Tuesday for the main advanced economies, and Q3 GDP figures will be published for the US (Thursday) and Spain (Friday).