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Market Overview
Bad Indicators Bring the Stock Market Down
Yesterday was marked by an aversion to risk returning to the markets, where the less good results of the American banking sector, as well as the retail sales data which was below expectations, were the main drivers of this sentiment.
In particular, in the American stock market, the Dow Jones index depreciated by 1.86% while the S&P 500 index fell by 2.2% and the Nasdaq fell by 1.44%. On the European side - the Stoxx 600 index - the region's benchmark fell by 3.25%.
In the debt market, as is normal in days of risk aversion, it was possible to observe American and German debt yields falling sharply as a result of this sentiment.
Crude oil, on the other hand, continued its downward trend as analysts' expectations regarding the cut in supply were not seen in reality.
With regards to gold, it can be seen at relative highs, however, it is still without a well-defined trend.
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