Financial Markets Daily Report
30 November 2021

In yesterday's session, investors traded cautiously despite easing concerns on the omicron variant. On the data front, the euro area economic sentiment indicator eased in November from 118.6 points to 117.5 and inflation numbers continued to increase in the region. Germany's HICP inflation rose 1.4pp to 6.0% while in Spain it rose 0.2pp to 5.6%.

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  • In yesterday's session, investors traded cautiously despite easing concerns on the omicron variant. On the data front, the euro area economic sentiment indicator eased in November from 118.6 points to 117.5 and inflation numbers continued to increase in the region. Germany's HICP inflation rose 1.4pp to 6.0% while in Spain it rose 0.2pp to 5.6%.
  • In this context, volatility in equity markets declined and stock indices bounced modestly after the plunge registered on Friday. In fixed-income markets, yields on 10-year sovereign bonds edged up in the U.S. and in the euro area and peripheral spreads narrowed.
  • In commodities' markets, the price of the barrel of Brent recovered some of the ground lost in Friday and fluctuated above $73, while European gas prices returned to last week's levels.
  • Today the focus will be on the euro area inflation for November, which might be higher than last month's (4.1%).
     
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