Financial Markets Daily Report
31 agosto 2020

In the last session of the week, investors continued to digest the Federal Reserve's new inflation approach, in which it will be more tolerant to inflation increases.

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  • In the last session of the week, investors continued to digest the Federal Reserve's new inflation approach, in which it will be more tolerant to inflation increases.
  • In this context, stock indices rose in the US, where the S&P 500 and the Nasdaq posted new historical highs, and in Asia and Latin America emerging economies. Meanwhile, most euro area indices edged down and the Nikkei 225, in Japan, fell by more than 1% after PM Shinzo Abe resigned due to poor health.
  • In fixed-income markets, yields on sovereign bonds declined on both sides of the Atlantic. The US dollar weakened against most advanced and emerging economies' currencies and the euro fluctuated above $1.19.
  • This week the focus will be on the August final PMI releases, the final HICP inflation figures in the euro area and the US employment report for August (Fri.).
     
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