The feeling that marked yesterday was one of an appetite for risk. The US Federal Reserve’s Chairman Jerome Powell said that the economy could face significant long-term losses due to rising unemployment and a wave of small business failures driven by the coronavirus pandemic, despite recent signs of improvement.
In particular, the Stoxx 600 - European benchmark index - appreciated by 2.90 %. On the other side of the Atlantic, the Dow Jones index saw a sharp rise of 2.04 % while the S&P 500 index grew 1.90 % and the Nasdaq index rose by 1.75 %.
In the debt market, yields rose in light of the risk appetite experienced yesterday in the markets.
Oil retreated due to possible capital gains, as well as fears about the spread of Covid-19.
The “yellow” metal ended up falling against gains in the stock markets.
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