Financial Markets Daily Report
18 febrero 2021

Investors turned more cautious in yesterday's session. Stocks declined moderately in most advanced economies and a lower risk appetite led to USD appreciation against the major currencies.

FMDR
  • Investors turned more cautious in yesterday's session. Stocks declined moderately in most advanced economies and a lower risk appetite led to USD appreciation against the major currencies.
  • Sovereign yields retreated from their recent highs both in the U.S. and Europe as Fed minutes sent dovish signals. In particular, in January's meeting officials pointed at the need to abstract from temporary factors affecting inflation and reiterated that it will take time for inflation and employment to make substantial progress towards the Fed's goals.
  • In commodity markets, Brent oil prices rose towards $65 as production facilities in the U.S. have been forced to shut down due to the unusually cold weather.
  • On the data front, indicators showed that U.S. activity had continued to grow in January, as industrial production advanced 0.9% mom (-1.3 yoy) and retail sales rebounded sharply (+5.3% mom and +7.4 yoy).
     
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