Financial Markets Daily Report 22 octubre 2020
Yesterday's trading session was mixed and investor sentiment was dominated by news of Brexit negotiations resuming and the prospects of further fiscal stimulus in the U.S.
- Yesterday's trading session was mixed and investor sentiment was dominated by news of Brexit negotiations resuming and the prospects of further fiscal stimulus in the U.S.
- The Sterling pound gained against its peers yesterday and reached its strongest level in six weeks. Officials stated they were returning to the table for intensified negotiations with the EU after PM Boris Johnson broke them off last week.
- In the U.S., stocks slipped and Treasuries edged higher as Democrats and Republicans headed into their latest talks about an additional relief package to help U.S. businesses and households. 10-year yields on Treasuries reached 0.82%, around their highest levels since early June.
- In Europe, the Eurostoxx50 fell 1.5%, while yields on Italian bonds rose as Italy announced the issuance of a new 30-year BTP bond for today.