Financial markets started the week with a cautious mood.
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Investors started the week in a risk-on mood, supported by a French-German deal on a EU policy package and amid promising early results for an experimental vaccine against COVID-19.
In yesterday's session, investor sentiment improved on signs that the US economy will continue to reopen.
In yesterday's session, investor sentiment worsened amid weak economic data releases and mounting trade tensions between the US and China.
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.
Supported by the European Commission proposal of a €750 billion recovery plan, investor sentiment continued to improve.
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.
Markets started the week on a positive note as recovering activity indicators for May offset concerns over renewed U.S.-China tensions.
Investors traded cautiously and stock markets lost some ground after having advanced strongly in the previous days.
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.
In yesterday’s session, investors traded cautiously ahead of the Federal Reserve monetary policy meeting.
In yesterday's session, investors traded cautiously in Europe as the European Commission's downbeat economic projections still weighed on sentiment.
Markets continued to exhibit a mixed performance as investors weighed data releases and increasing COVID-19 infections. European stocks and sovereign yields declined after euro area industrial production had posted a lower-than-expected rebound in May (+12.4% mom and -20.9% yoy). Yet, in FX markets the euro rose towards $1.14.
Investors ended the week in a cautious mood as rising U.S.-China tensions overshadowed a rebound in economic sentiment indicators.
Investor optimism continued to favor risky assets in yesterday's session. Volatility nudged up, but stocks continued to rise across the board.
In yesterday’s session, investors’ sentiment worsened following concerns of overvaluations in some risky assets and mixed economic data releases. In particular, August Composite PMIs came out weaker-than-expected in most euro area countries (Spain, Italy and France) and surprised positively in Germany, the US and China.
Investors traded in a risk-on mood in yesterday's session as tech stocks recovered from a market rout in the U.S.
Markets were mixed in yesterday's session. Stocks in Asia, Europe and emerging economies recovered some of the lost ground in previous days.
In yesterday's session, investors traded cautiously amid mixed corporate earnings releases in the US and economic data releases broadly in line with consensus expectations.
EU stocks fell slightly and periphery yields widened as the number of new Covid-19 cases grew and new restrictions were rolled out in a number of countries and regions.