Markets ended the week in a mixed mood (stocks declined, safe-haven currencies rose) as investors closed positions ahead of low trading in August. The publication of the Financial Markets Daily Report will stop for a few weeks, but we will be keeping an eye on markets and be back by the end of August. We wish our readers a great summer break.
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Investors started the week on a positive mood, favoring risky assets amid supportive economic releases. Volatility declined, stock markets rallied across advanced and emerging economies, most currencies strengthened against the USD and commodity prices rebounded on the back of positive market sentiment.
Investors extended their risk apetite amid positive global manufacturing PMI releases. In August, factory activity remained strong in most economies, but several surveys continued to signal disrupted supply chains and labour shortages as the main risks. In the U.S., the input price index fell from 85.7 points towards 79.4.
Financial markets recorded a positive start of the week, as investors increased the likelihood that the Fed will postpone the decision about when to start tapering its asset purchases.
In a session with a Triple witching hour in the U.S., an event that usually increases volume and volatility as several futures and options expire simultaneously, stock indices declined in the euro area and in the U.S. while sovereign yields edged moderately up on both sides of the Atlantic.
Markets ended the week in a mixed mood as investors pondered over the Fed's plans for stimuli withdrawal, risks from China's Evergrande and the announcement that Chinese authorities will ban all transactions and mining related to cryptocurrencies. Global stocks declined or closed flat while the USD rose against most AE and EM currencies.
On the back of advances in the trade negotiations between the U.S. and China, investor's risk appetite increased in yesterday's session.
Markets started the week on a cautious mood as concerns that the U.S. and China are struggling to close the first phase of a trade deal weighed on sentiment.
In the first session of the week, investors traded with caution amid mixed news on the trade front.
Global stock markets started the week on the up as investors turned more optimistic on a phase-one trade deal between China and the U.S.
Investors traded cautiously in yesterday's session as they wait for clearer signals that the U.S. and China will close the first phase of a trade deal.
In the last session of the week, investors traded with caution amid the U.S. - China tensions.
Trade tensions and the release of economic sentiment data were again the main drivers in the trading floors.
Investors traded in a risk-on mood in a session dominated by news that the U.S. and China closed their phase-one deal and by the ECB's monetary policy meeting.
In yesterday's session, investors traded with a cautious mood as they continued to digest previous developments in the U.S. - Iran tensions.
In yesterday's session, investors continued to digest the last geopolitical developments and received with optimism the deescalating comments from U.S. and Iran officials.
Financial markets started the week with a low-volume session because of Martin Luther King holiday in the U.S.
Despite the release of better-than-expected economic data in Germany and in the UK, investors traded with a risk-off mood after Monday’s IMF downward growth revision and amid concerns that the virus outbreak in China could disrupt consumer spending.
Markets started the week on a risk-off mood, driven by concerns over the economic impact of the coronavirus outbreak in China.
Markets suffered another risk-off session amid concerns on the impact of the coronavirus outbreak and news of production delays and closing stores.