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Market Overview
Good manufacturing data gives hope to the economy
Today's
market sentiment is of an appetite for risk. Good manufacturing and service
data across Europe and China are fueling hope for a faster-than-expected
recovery.
European
equities and U.S. futures continue to rise this Monday, before another week of
results as discussions continue over a US pandemic relief package.
Yields of US
Treasurys fell on Friday, registering a weekly and monthly fall due to fears
over the economic consequences for the global economy of the coronavirus.
Oil prices
retreated in Asia, at a time when investors continued to weigh an uncertain
demand outlook and an expected rise in reserves with most producers reducing
production cuts.
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