Vaccines and stimulus measures keep on fueling optimism
- Macro-economy
- February 2, 2021
We thought obvious signs of economic slowdown in China could somewhat challenge markets’ optimism yesterday but that did not happen. Progress in the vaccination campaign in the US as well as peaceful negotiations about the stimulus package between Republicans and Democrats were enough to push risky assets higher. The noticeable exception was the USD that kept on strengthening, while it usually weakens in such a context of stronger risk appetite. It seems better prospects of US recovery are prevailing at the moment. Silver prices surged to a 8-year high, before retreating, a new episode in the ongoing battle between individual traders and hedge funds.
Share this news :
You might also read :
The rebound in risky assets that began on Thursday after the publication of sharply lower PMIs was amplified on Friday after the revised figures from the University…
December 7, 2021
Cal 2022 prices continue to increase
European spot gas prices were mixed yesterday, amid almost unchanged fundamentals. Norwegian flows were up yesterday, averaging 350 mm cm/day, compared to 344 mm cm/day…
March 31, 2021
Chinese manufacturing outperforms expectations
Asian stocks retreated as US bond yields continued their upward trajectory, with the 10Y Treasury note solidified at a 1.73% yield, discounting future cash flows…
Subscribe to our newsletter