Yesterday there continued to be a sense of expectation around news about the coronavirus. The behaviour of the markets throughout the day was mixed, with a greater appetite for risk being observed in the first half of the day, while greater aversion was identified later on.
In particular, equity markets ended up having a mixed day. On the other side of the Atlantic, the S&P 500 lost 0.38% while the Nasdaq appreciated by 0.17%. Moreover, the Stoxx 600 - which is the index that includes the 600 largest listed companies in Europe - dropped by 1,82%.
In the debt market, it was possible to observe an increase in debt interest rates in the main countries of the Eurozone.
Although there is a rising fear about the spread of the coronavirus in Europe, the European currency has benefited from the withdrawal of investors from the US equity market. As a result, the Euro appreciated by 0.08% yesterday.
Crude oil continues to fall, having recorded a fourth consecutive decline. Although crude inventories have not increased as much as expected, it is likely that there will be a more significant decrease in demand in the near future. Therefore, it was possible to observe a drop of 1.18% in the price of the barrel yesterday.
With regards to gold, the day was mixed despite the fact that it rose by 0.4%.
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