Yesterday was mostly of risk aversion. The news that the United States Congress delayed the presentation of a new stimulus package on the economy ended up motivating this market sentiment.
Rising tensions between the US and China have penalized Europe. The Stoxx Europe 600 index fell 0.9%, DAX fell 0.5%, CAC 40 lost 1.3% and FTSE 100 fell 1%. In the United States, markets managed to resist losses and ended up closing the day in the green.
Yields on the debt market fell again yesterday. The U.S. Federal Reserve is expected to switch to a longer-term Treasury purchase in the coming months in an attempt to help keep yields low.
Oil advances with optimism about possible US fiscal stimulus and potential vaccines for Covid-19.
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