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In the last session of the week, investors traded cautiously in Europe amid dramatic economic sentiment data in Germany (Ifo sentiment fell to the lowest recorded level) and the absence of a clear EU-wide proposal to fund the recovery in Thursday’s European Council meeting.
Investors traded more cautiously in yesterday's session as they weighted mixed news on Covid-19 vaccine developments and regulators ended their short-selling bans in several European economies. In this context, U.S. and European stocks retreated after Monday's rally.
In yesterday's session, investors traded cautiously in Europe as the European Commission's downbeat economic projections still weighed on sentiment.
Global markets started the week with a mixed session. In Europe, stocks rose across the board and sovereign yields advanced as investors eyed negotiations over the EU stimulus plan ahead of the European Council.