Market Overview

7 August 2020 15:21

Frederico Aragao Morais

Today, market sentiment is one of risk aversion. European stocks face another cautious session with rising US-China tensions and no progress in negotiations on the new US stimulus package. The Dollar regains some of the ground lost on Thursday, with the currency's DXY index trading again above 93.00. Traders are likely to take a cautious approach to currency risk ahead of the US-China trade talks on 15 August.
6 August 2020 15:19

Frederico Aragao Morais

Today, the market sentiment is one of risk aversion. There are no signs of progress in the negotiations on the aid plan for the coronavirus in the United States, and US Secretary of State Mike Pompeo said the White House could ban other Chinese applications that it considers to jeopardise the country's national security. The Dollar traded on the defensive during the Asian session on Thursday, as investor optimism about the approval of new fiscal stimulus in Washington seemed to decline, which reduces the currency's attractiveness.
5 August 2020 00:00

Frederico Aragao Morais

Today, market sentiment is an appetite for risk. News that the United States and China will meet to discuss trade and expectations of progress in negotiations in Washington over a stimulus package are driving the current positive sentiment in the market. The dollar retreated in the Asian session on Wednesday, following up on the previous day's losses, with more bets that the US Federal Reserve will ease monetary policy further and with investors attentive to negotiations in the US Congress on new fiscal stimulus.
4 August 2020 15:15

Frederico Aragao Morais

Today, market sentiment is relatively mixed. Democratic leaders and White House officials seem cautiously optimistic after another round of talks on Monday about the new coronavirus aid package, under increasing pressure to reach an agreement since millions of Americans are living without the $600 a week unemployment benefit supplement, and U.S. President Donald Trump has launched potential executive measures. The Dollar gained ground on the Yen this Tuesday in Asia, after robust economic data has increased risk appetite by putting the Yen under pressure as a safe asset.
3 August 2020 15:09

Frederico Aragao Morais

Today's market sentiment is of an appetite for risk. Good manufacturing and service data across Europe and China are fueling hope for a faster-than-expected recovery. European equities and U.S. futures continue to rise this Monday, before another week of results as discussions continue over a US pandemic relief package. Yields of US Treasurys fell on Friday, registering a weekly and monthly fall due to fears over the economic consequences for the global economy of the coronavirus.
30 July 2020 15:07

Frederico Aragao Morais

Yesterday, investors assessed the potential terms of the next stimulus package and the easing of coronavirus infections, while digesting the results of major US companies. The Federal Reserve’s Chairman Jerome Powell also dominated the attention of the markets. In Europe, the Stoxx Europe 600 index gained 0.5%, at the end of a session in which it fluctuated between gains and losses. The German DAX index closed at the waterline, the French CAC index lost 0.2% and the British FTSE 100 index rose 0.4%.
23 July 2020 15:03

Frederico Aragao Morais

Yesterday was mostly of risk aversion. The news that the United States Congress delayed the presentation of a new stimulus package on the economy ended up motivating this market sentiment. Rising tensions between the US and China have penalized Europe. The Stoxx Europe 600 index fell 0.9%, DAX fell 0.5%, CAC 40 lost 1.3% and FTSE 100 fell 1%. In the United States, markets managed to resist losses and ended up closing the day in the green. Yields on the debt market fell again yesterday. The U.S.
22 July 2020 15:02

Frederico Aragao Morais

Yesterday the markets had a greater appetite for risk. European Union leaders have agreed on a recovery plan. Good prospects for an Oxford vaccine are also enlivening the markets. The Stoxx Europe 600 index rose 0.3%, after European officials reached a historic agreement on the terms of the recovery plan. In the United States, the Dow Jones appreciated 0.60% while the S&P500 grew 0.17% and the Nasdaq fall 0.81%. Yields for Treasurys and European bonds showed a moderate reaction on Tuesday to the deal on the European Union recovery fund.
21 July 2020 15:00

Frederico Aragao Morais

Yesterday was marked by a reversal of market sentiment. The day started out with a feeling of risk aversion, but ended with the possible conclusion of the negotiations on the European recovery fund, as well as with positive expectations regarding an Oxford vaccine, which is most probably the cause of greater confidence in the markets. The Stoxx600, an index that aggregates the 600 highest quoted shares in the Old Continent, closed at 0.75% to 375.51 points. The US indexes appreciated, with a rise of the Dow Jones  by 0.03% while the S&P500 appreciated by 0.
17 July 2020 11:11

Frederico Aragao Morais

Yesterday the market sentiment was one of risk aversion. Fears surrounding the sharp rise in cases of covid-19 infection in the US also continue to weigh on investor sentiment, notably due to the impact this will most likely have on the economy. In particular, the Stoxx 600 – the European benchmark index - fell 0.47%. In the United States, the Dow Jones index depreciated by 0.50% while the S&P500 index lost 0.34%, with the technological Nasdaq index being the only one that won - although only by 0.73%.
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