Financial Markets Daily Report29 August 2023
Investors started the week trading cautiously in a relatively quiet session, as they awaited for key economic data due to be released this week (e.g.: August euro area inflation and US labor market report).
- Investors started the week trading cautiously in a relatively quiet session, as they awaited for key economic data due to be released this week (e.g.: August euro area inflation and US labor market report).
- Yields on sovereign bonds edged modestly down in the US while remaining fairly unchanged in the euro area. Stock indices, on the other hand, managed to advance in most trading floors and volatility, as measured by the VIX declined from already low levels.
- In commodity markets the price of the European natural gas benchmark TTF rose towards 38 €/MWh following the announcement of a strike at a liquefied natural gas plant in Australia. The expected fall in LNG production from one of its main world producers can alter the European Union members plans to fill gas storages before winter.
- Today’s focus will be on the US Conference Board consumer sentiment for August and the JOLTS job openings.