Financial Markets Daily Report23 noviembre 2020
Financial markets were mixed in the last session of the week amid hopes for a COVID-19 vaccine, the advance of the second wave and growing tensions between the US Treasury and the Federal Reserve.
- Financial markets were mixed in the last session of the week amid hopes for a COVID-19 vaccine, the advance of the second wave and growing tensions between the US Treasury and the Federal Reserve.
- In particular, Steve Mnuchin asked the Fed to return the unused money provided for the emergency programs delivered in spring, which the Federal Reserve refused. In this context, US stock indices declined and euro area equities rose mildly amid a rotation into cyclical sectors.
- In fixed-income markets, yields on sovereign bonds edged slightly lower both in the euro area and in the US. In oil markets, the barrel of Brent extended its rally and traded above $45.
- This week the focus will be on the release of November flash PMIs for the main advanced economies (today) and the release of the last monetary policy meeting accounts for the Federal Reserve (Wed.) and the ECB (Thu.).