Financial Markets Daily Report 21 septiembre 2020
In the last session of the week, investors traded with a downbeat tone and stock indices declined across Europe and, following a tech sell-off, in the US. Asian equities, instead, increased mildly.
- In the last session of the week, investors traded with a downbeat tone and stock indices declined across Europe and, following a tech sell-off, in the US. Asian equities, instead, increased mildly.
- In fixed-income markets, yields on sovereign bonds were broadly unchanged. Once European markets were closed, S&P Global Ratings confirmed Spain's rating at A, but downgraded its outlook from stable to negative. The agency highlighted the structural and fiscal challenges Spain is facing. Moody's confirmed the rating at Baa1 with stable outlook.
- In FX markets, the US dollar strengthened against most advanced economies' currencies (except for the Japanese Yen) and the euro fluctuated above $1.18.
- This week, the focus will be on the September flash PMIs for the main advanced economies (Wed.) and on the second release of Spain's Q2 GDP (Wed.)