Mixed sentiment on financial markets

Mixed sentiment on financial markets to start this week. US equities ended last week at record-high levels but volatility was high after a big family office was forced by its creditors to sell $20bn of shares. The situation remains uncertain in Europe, where a strong acceleration in vaccination campaigns is expected from April. Joe Biden is expected this week to unveil the main details of its long-term plan aimed at boosting the US growth potential by addressing key problems such as the poor state of public transportation infrastructure. The EUR/USD exchange rate is trading near 1.1780 and may fall further.

In China, industrial profits surged higher in January an February: +178.9% compared to the same period of last year. This is still due to a huge basis effect linked to the pandemic. 

strong-rebound-china-industry
Share this news :

You might also read :

ES-oil
October 21, 2021

Diesel carries the most upside risk

ICE Brent crude futures continued to be supported, at 85.2 $/b for the Dec21 delivery, as stocks data in the US and the ARA region surprised to…
ES-oil
December 1, 2021

Volatility deterrent

Crude prices remained volatile, with an intraday correction of 3%, to end up gaining back most of it, at 72 $/b for the February ICE…
ES-economy
December 15, 2021

Fed day

The Fed meeting today is clouding all other market events, as inflation pressures have now been acknowledged by Powell and most US central bankers. Indeed,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]