Markets moderated their gains in yesterday's session as investors focused on geopolitical developments and a few economic data releases.

Investor optimism around trade talks led to a moderate risk-on mood at the end of the week. In particular, officials said that sections of the first phase of a trade deal between the U.S. and China are nearly completed.

En 2019, el sector turístico mantendrá una evolución positiva, aunque se prevé que los excepcionales ritmos de crecimiento de los últimos años se diluyan, en consonancia con la moderación observada en 2018. El gran reto para el sector será consolidar las excelentes cifras de turistas internacionales de los últimos años a la vez que orienta su estrategia hacia los segmentos de mayor valor añadido.

Markets were mixed as investors eyed the Fed meeting. Ahead of its decisions, European stocks declined moderately and sovereign yields were little changed.

The appetite for risk that investors showed in the previous sessions seemed to moderate on Tuesday and risk-on flows were more contained.

Stocks rose moderately across advanced and emerging economies ahead of the Fed's meeting and as investors continue to eye U.S.-China negotiations.

In yesterday's session, investors traded with moderate optimism amid improving sentiment regarding the economic outlook for the coming quarters.

Markets underwent a mixed session as the U.S. and China signed their phase-one trade deal. U.S. stocks advanced mildly while most AE and EM indices declined moderately.

Investors traded with moderate optimism in a session in which U.S. markets were closed due to President's Holiday.

In the first session of the week, investor sentiment improved moderately amid mixed virus-related news.

In yesterday's session, investors’ risk appetite rose moderately despite the release of recession-like economic data.

Last Thursday, investors traded with moderate optimism amid the announcement of new policy measures.

Volatility nudged down and most global stock indices advanced, while oil prices rose as OPEC+ producers said they would accelerate planned production cuts.

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.

Markets were mixed in yesterday's session. U.S. stocks surged, while EM equities posted modest increases and European stocks declined moderately.

Volatility nudged down in the first session of Q3 2020. U.S. stocks advanced moderately as economic indicators recovered (ISM manufacturing at 52.6 points in June, its first reading above the 50-threshold since early 2020). Elsewhere, stocks declined in Europe and gained in EM.
 

Stocks rallied in yesterday's session, supported by recovering economic data. In particular, U.S. nonfarm payrolls surged by 4.8 million in June –the largest increase on record, even though the unemployment rate still stood above 10% (11.1% in June down from 13.3% in May). Yet, U.S. sovereign yields nudged down and the USD strengthened.

Investor sentiment ended the week on the up amid positive reports over a potential antiviral drug to treat COVID-19. As risk appetite rose, stocks increased across Europe and the U.S., the USD weakened and commodity prices advanced (in oil markets, the barrel of Brent closed moderately above $43).

In the last session of the week, investors traded cautiously as they pondered over an uncertain economic outlook. Stocks rose moderately in advanced economies while exhibiting a better performance in emerging economies. In FX markets, the USD weakened against most AE currencies.

In yesterday's session, financial markets were mixed as traders digested worse-than-expected corporate earnings releases.