Yesterday the market sentiment was one of risk aversion. Fears surrounding the sharp rise in cases of covid-19 infection in the US also continue to weigh on investor sentiment, notably due to the impact this will most likely have on the economy.
In particular, the Stoxx 600 – the European benchmark index - fell 0.47%. In the United States, the Dow Jones index depreciated by 0.50% while the S&P500 index lost 0.34%, with the technological Nasdaq index being the only one that won - although only by 0.73%.
US Treasury yields declined on Thursday after data showed that the number of Americans who applied for initial unemployment benefits last week was higher than economists had expected.
Although short-term obstacles remain, oil prices already seem to have gone through the worst and demand and supply are rebalancing at a gradual pace at this time.
Gold has been struggling to break its $1820 barrier.
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