Yesterday, investors assessed the potential terms of the next stimulus package and the easing of coronavirus infections, while digesting the results of major US companies. The Federal Reserve’s Chairman Jerome Powell also dominated the attention of the markets.
In Europe, the Stoxx Europe 600 index gained 0.5%, at the end of a session in which it fluctuated between gains and losses. The German DAX index closed at the waterline, the French CAC index lost 0.2% and the British FTSE 100 index rose 0.4%.
Treasury yields continued to fall towards historic lows after Powell emphasised the central bank's commitment to aggressive economic stimulus.
Oil prices have risen in Asia, now going down, as investors continued to assess data from the U.S. Department of Energy, or DOE, which showed an unexpected weekly rise in gasoline reserves, but a huge drop in more 10 million barrels of crude oil.
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