Financial Markets Daily Report

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In yesterday's session, investors traded with caution and leaned towards safer assets as they awaited for today's Federal Reserve monetary policy meeting conclusion.

Investors started the week with mixed sentiment in Europe and optimism in the U.S., driven, respectively, by weaker-than-expected economic data releases on one side and the perception that activity is recovering on the other.

A better-than-expected U.S. employment report for May boosted investor sentiment in the last session of the week.

Investors traded cautiously and stock markets lost some ground after having advanced strongly in the previous days.

Markets traded in a risk-on mood in yesterday's session as investors continued to focus on improvements in economic indicators.

Market sentiment continued to improve as investors focused on easing lockdown restrictions and signs of recovering economic indicators.

Markets started the week on a positive note as recovering activity indicators for May offset concerns over renewed U.S.-China tensions.

In yesterday's session investors continued to find relief in the European Commission's recovery plan. Sentiment also benefited from economic indicators showing a gradual improvement in activity.

Supported by the European Commission proposal of a €750 billion recovery plan, investor sentiment continued to improve.

Investors traded yesterday with a risk-on mood, despite the continuing tensions between China and the US, fueled by the gradual reopening of economies and amid optimism on the economic recovery.

Investor sentiment brightened moderately on the back of easier activity restrictions in advanced economies as well as on signs of improvement in a German activity survey.

Investors traded cautiously in the last session of the week amid rising concerns between the Chinese-US relations and mounting uncertainty on the economic recovery after the COVID-19.