Yesterday the markets were marked by a greater appetite for risk. The modern American company, Sorrento Therapeutics Inc. revealed that tests of its vaccine against covid-19 had shown positive progress, motivating investors to look at the stock market.
In particular, the North American indices rose with the Dow Jones index up 3.85 % while the Nasdaq index rose by 2.44 % and the S&P 500 index gained 3.15 %. In Europe, its benchmark - Stoxx 600 - gained 4.07 %.
In the debt market, yields eventually rose, showing a more predominant appetite for risk throughout the day.
In the foreign exchange market, it was possible to observe a huge fall in the US Dollar to the detriment of the Euro and the Pound Sterling.
The price of crude oil has been finding support in a stronger demand for refined products in China and India since the beginning of the month and has therefore continued its upward trend.
Gold, on the other hand, fell for much of the day in line with market sentiment.
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