Financial Markets Daily Report 10 julio 2020
In yesterday's session, investors traded with a risk-off mood due to increased concerns over the speed of the economic recovery as covid-19 cases continue to surge.
- In yesterday's session, investors traded with a risk-off mood due to increased concerns over the speed of the economic recovery as covid-19 cases continue to surge.
- Risk-aversion flows favored safe-haven assets such as the 10-year Treasury bonds, the German bund or the Japanese yen. The price of an ounce of gold fluctuated above $1800, a level not seen since 2011. Also, euro area peripheral risk premiums edged up.
- In stock markets, indices declined across the board, except in Asia and the Nasdaq index (in which the technology sector weights significantly more than in the S&P 500).
- In oil markets, the price of the barrel of Brent declined on concerns over future demand and the expected increase in supply from Libyan oil fields.