Yesterday the markets had a greater appetite for risk. European Union leaders have agreed on a recovery plan. Good prospects for an Oxford vaccine are also enlivening the markets.
The Stoxx Europe 600 index rose 0.3%, after European officials reached a historic agreement on the terms of the recovery plan. In the United States, the Dow Jones appreciated 0.60% while the S&P500 grew 0.17% and the Nasdaq fall 0.81%.
Yields for Treasurys and European bonds showed a moderate reaction on Tuesday to the deal on the European Union recovery fund.
Oil declined after API data showed that crude reserves increased 7.5 million barrels in the week ending July 17, against expectations of a drop of about 2 million barrels.
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