Investor optimism around trade talks led to a moderate risk-on mood at the end of the week. In particular, officials said that sections of the first phase of a trade deal between the U.S. and China are nearly completed.
Search results
Financial markets ended the week with a positive tone as investors perceived that a partial trade deal between the U.S. and China is closer. More concretely, the U.S. Commerce Secretary, Wilbur Ross, said that progress was being made in the agreement's details.
In yesterday's session, investors traded with optimism as they weighed the details on the phase-one trade deal with the weaker-than-expected business sentiment data in advanced economies.
Investors ended the week in a mixed session, as they assessed the release of U.S. economic indicators and evolving tensions between the U.S. and Iran.
Investors traded cautiously ahead of today's signature of the U.S.-China phase-one trade deal and the release of further details on the agreement.
In the last session of the week, financial markets exhibited a positive tone on the back of better-than-expected housing data in the U.S. and continued optimism on easing trade tensions.
In yesterday's session, investors traded with a cautious mood as they weighed positive economic releases (UK factories' sentiment improved according to a survey and U.S. home sales rose close to a two-year high) against the resignation of Italy's M5S head Luigi Di Maio and the economic impact of the Chinese coronavirus outbreak.
Market sentiment steadied in the second session of the week. Volatility eased and global stocks (with the exception of Asia) recovered some of the ground lost on Monday.
Financial markets ended the week with another risk-off session as investors continued to consider the potential damage that coronavirus may have on the economy.
Investor sentiment improved in the first session of the week boosted by better-than-expected business sentiment indicators in advanced economies and a stabilization of investor's concerns over the coronavirus impact on the economy.
Concerns about the spread and the economic impact of the coronavirus rattled markets for a second day in a row (following a rapid increase in cases in countries other than China).
Financial markets' sentiment improved in the first session of the week. Investors perceived that monetary and financial authorities are going to act in order to offset the negative impact that coronavirus can have on the economy.
In the last session of the week, financial markets’ sentiment bounced from the previous day plunge and stock indices and sovereign yields rose across the board.
Investors traded yesterday with a risk-on mood, despite the continuing tensions between China and the US, fueled by the gradual reopening of economies and amid optimism on the economic recovery.
Investors traded cautiously in the last session of the week. Volatility eased after Thursday's sell-off and stocks recovered some ground on Friday but still closed the week suffering their largest weekly loss since March.
Yesterday's session opened with the negative tone seen in the previous days driven by the increase in covid-19 cases around the globe.
Stocks rallied in yesterday's session, supported by recovering economic data. In particular, U.S. nonfarm payrolls surged by 4.8 million in June –the largest increase on record, even though the unemployment rate still stood above 10% (11.1% in June down from 13.3% in May). Yet, U.S. sovereign yields nudged down and the USD strengthened.
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.
Investors started the week with optimism and a risk-on mood. Despite the increase in COVID-19 cases around the globe, optimism surged on the back of better-than-expected business sentiment indicators.