Doubts regarding vaccines and delayed stimulus package fuel risk aversion on markets

US tech stocks remain apart, but the general trend in financial markets has turned negative for two main reasons: 1) hopes of recovery linked to Covid vaccines have likely be excessively optimistic and 2) the US stimulus package will not be voted before mid-March at the earliest according to the Democratic majority leader of the Senate. US 10y bond yields are down and nearing 1% and the USD is strengthening again: the EUR/USD is trading around 1.2120 at the time of writing. The two-day Fed meeting starting today may be more important than thought initially to reassure markets.

Share this news :

You might also read :

February 2, 2021

OPEC discipline boost prices

Brent prompt month futures hiked higher, at 56.9 $/b on early Tuesday, as various third party agencies reported improved production compliance from OPEC members. Industry sources…
July 27, 2021

Self-supplying East

Crude prices regained the lost ground of last week, with ICE Brent September contract at 74.6 $/b. India plans to further commercialize its SPR, in an…
July 5, 2021

Not too hot, not too cold

Perfect! That was markets’ reaction after the release of the US job report showing higher-than-expected job creation, enough to be reassuring on growth, but not…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet?