Financial Markets Daily Report
06 octubre 2021

Yesterday investors traded with optimism amid better than expected economic sentiment data in advanced economies. In particular, the U.S. non-manufacturing ISM index for September increased by 0.2 points to 61.9 while the final Composite PMI in the euro area remained at elevated levels (56.2) despite falling by 2.8 points.

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  • Yesterday investors traded with optimism amid better than expected economic sentiment data in advanced economies. In particular, the U.S. non-manufacturing ISM index for September increased by 0.2 points to 61.9 while the final Composite PMI in the euro area remained at elevated levels (56.2) despite falling by 2.8 points.
  • The PMI composition, however, suggested increasing inflationary pressures are building up. In addition, the producer prices index for the euro area, released also yesterday, rose to 13.5% y/y in August.
  • In this context, stock indices rose across the board and yields on sovereign bonds edged up in the U.S. and the euro area. In FX markets, the euro weakened against most peers and fluctuated around $1.16.
  • In commodity markets, gas prices continued to increase and the Dutch TTF reference reached a new record high at $39/MMBtu. The price of the barrel of Brent rose above $82.
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