Financial Markets Daily Report 24 December 2021
In yesterday's session, investors sentiment continued to improve amid some easing concerns about the impact of the Omicron variant and robust US labor market data. In particular, new unemployment claims were unchanged last week while the number of people of people receiving benefits declined by 8k to 1.859k.
- In yesterday's session, investors sentiment continued to improve amid some easing concerns about the impact of the Omicron variant and robust US labor market data. In particular, new unemployment claims were unchanged last week while the number of people of people receiving benefits declined by 8k to 1.859k.
- In this context, the risk-on mood benefited stock indices, which rose across the board for the third straight session. In fixed-income markets, yields on sovereign bonds edged up in both sides of the Atlantic. In FX markets, safe haven currencies weakened and the euro remained above $1.13.
- European gas prices declined by more than 20% following reports that suggest that several US gas vessels are heading to Europe with Liquified Natural Gas (LNG) to compensate the lower imports from Russia.
- This is the last Daily Report of the year, we'll be back on January 4th. Merry Christmas and happy new year!