Financial Markets Daily Report 21 octubre 2020
Investors traded in a mixed mood yesterday as Europe's second wave of coronavirus advances and forces new restrictions in some countries and regions, and prospects for further fiscal stimulus in the U.S. are uncertain.
- Investors traded in a mixed mood yesterday as Europe's second wave of coronavirus advances and forces new restrictions in some countries and regions, and prospects for further fiscal stimulus in the U.S. are uncertain.
- The Eurostoxx50 fell 0.5% as Ireland, Austria and Italy imposed stricter measures to contain the virus. Yesterday's first issue of SURE bonds by the European Union was deemed successful after the issue of 17 billion euros attracted more than 230 billion in bids and the bonds traded close to French sovereign bonds.
- The GBP gained slightly as Brexit negotiations with the EU are expected to resume shortly and the controversial Internal Market Bill was condemned by the House of Lords.
- In oil markets, the barrel of Brent gained 1.3% to reach $43.2 as the U.S. Congress looks closer to reach a stimulus deal before the elections. President Trump said he would accept a deal worth more than $2.2 trillion.