The feeling in the markets yesterday was one of an appetite for risk. There was widespread optimism about a coronavirus vaccine, and the good results demonstrated by Goldman Sachs motivated this confidence.
In particular, the Dow Jones index rose by 0.85% while the S&P 500 index grew by 0.91% and the Nasdaq index rose by 0.59%. Stoxx600 – the European reference index - appreciated by 1.76%.
The yields on 10-year Treasuries rose by 1.5 basis points to 0.629% with rising stock markets.
Brent and WTI both rose by 0.9% after US crude oil reserves have dropped much more than expected, while gasoline reserves and diesel also fell.
Gold, on the other hand, had a relatively mixed day as it is approaching historic highs.
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