Investors traded cautiously in yesterday's session. Uneasiness around U.S.-China relations and the release of economic indicators and forecasts affected by the COVID-19 sent global stocks lower while safe-haven currencies rose.

Investor sentiment worsened as new COVID-19 cases appeared in countries which started to reopen, s.a. Germany or South Korea.

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.

Investors traded more cautiously in yesterday's session as they weighted mixed news on Covid-19 vaccine developments and regulators ended their short-selling bans in several European economies. In this context, U.S. and European stocks retreated after Monday's rally.

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.

In yesterday's session, volatility rose as data on new COVID-19 cases rose in the U.S. and investors digested the Federal Reserve adverse description of the economic outlook.

Investors traded more cautiously as new covid-19 infections and containment measures in China weighed on sentiment.

In the first session of the week, investors traded in a lower volatility environment and weighed, on the one hand, the increase in covid-19 cases around the globe and, on the other, the possibility of additional government stimulus. 

In yesterday's session, financial markets experienced risk-off flows as investors were concerned about the spread of new covid-19 cases in the US and media reports suggesting that the White House might be willing to impose new tariffs on $3.1 billion of exports from Europe.

Yesterday's session opened with the negative tone seen in the previous days driven by the increase in covid-19 cases around the globe.

In the last session of the week, investors traded cautiously amid fears of new covid-19 cases and doubts on a united ECB response in case further stimulus is required. European stock indices edged lower while EM equities surged, led by Chinese equities. US financial markets were closed because of the Independence Day.

Investors started the week with optimism and a risk-on mood. Despite the increase in COVID-19 cases around the globe, optimism surged on the back of better-than-expected business sentiment indicators.

In yesterday's session, investors traded with a risk-off mood due to increased concerns over the speed of the economic recovery as covid-19 cases continue to surge.

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).

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.

Positive developments around a potential COVID-19 vaccine fueled a risk-on mood in yesterday's session. Stocks rose across advanced and emerging economies and, in the U.S., shares of Moderna - a company working on a vaccine - surged close to 7% after a small-scale study showed its experimental vaccine produced high levels of antibodies.

Financial markets started the week with a mixed session. In Europe, investors traded with a risk-off mood while in the US riskier assets benefited from progress in the negotiations for a new fiscal stimulus package and hopes for a COVID-19 vaccine.

The spread of new COVID-19 cases weakened investor's sentiment in the last session of August. Stock indices declined in most advanced and emerging economies except for the heavy technology-weighted Nasdaq index, in the US, and the Japanese Nikkei.