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In the first session of the week, investor sentiment found support on signs of decelerating COVID-19 infections and deaths in the major European economies.

U.S. stocks climbed on optimism for another round of stimulus while euro area stocks were mixed after EU finance ministers failed to agree on an economic package to respond to the pandemic

In the first session of the week, investor sentiment improved as covid-19 deaths slowed in Europe and some major economies moved shyly toward reopening. 

In yesterday's session, investor sentiment improved as some European countries and U.S. states moved toward gradually reopening their economies.

As markets continue to struggle for direction, yesterday volatility declined and European and U.S. stock markets rose on the back of some positive earnings reports and as investors looked past weak economic releases.

Supported by the European Commission proposal of a €750 billion recovery plan, investor sentiment continued to improve.

In yesterday's session investors continued to find relief in the European Commission's recovery plan. Sentiment also benefited from economic indicators showing a gradual improvement in activity.

Investors started the week with mixed sentiment in Europe and optimism in the U.S., driven, respectively, by weaker-than-expected economic data releases on one side and the perception that activity is recovering on the other.

In yesterday's session, financial markets experienced risk-off flows as investors were concerned about the spread of new covid-19 cases in the US and media reports suggesting that the White House might be willing to impose new tariffs on $3.1 billion of exports from Europe.

Investors started the week on a positive note. Volatility declined and stocks rose across Europe, the U.S. and Latin America.

Markets were mixed in yesterday's session. U.S. stocks surged, while EM equities posted modest increases and European stocks declined moderately.

Volatility nudged down in the first session of Q3 2020. U.S. stocks advanced moderately as economic indicators recovered (ISM manufacturing at 52.6 points in June, its first reading above the 50-threshold since early 2020). Elsewhere, stocks declined in Europe and gained in EM.
 

In the last session of the week, investors traded cautiously amid fears of new covid-19 cases and doubts on a united ECB response in case further stimulus is required. European stock indices edged lower while EM equities surged, led by Chinese equities. US financial markets were closed because of the Independence Day.

In yesterday's session, caution returned to financial markets. Investors' concerns over the economic growth were fuelled by the European Commission Summer economic projections, which forecast a sharpest fall this year and a slower recovery, and Fed members' downbeat comments.

Investor sentiment ended the week on the up amid positive reports over a potential antiviral drug to treat COVID-19. As risk appetite rose, stocks increased across Europe and the U.S., the USD weakened and commodity prices advanced (in oil markets, the barrel of Brent closed moderately above $43).

Financial markets started the week with a mixed session. In Europe, investors traded with a risk-off mood while in the US riskier assets benefited from progress in the negotiations for a new fiscal stimulus package and hopes for a COVID-19 vaccine.

In yesterday’s session, investors’ sentiment worsened following concerns of overvaluations in some risky assets and mixed economic data releases. In particular, August Composite PMIs came out weaker-than-expected in most euro area countries (Spain, Italy and France) and surprised positively in Germany, the US and China.

European stocks rose in yesterday's session while U.S. stock markets were on holiday for Labor Day.