• Worldwide, stock markets suffered losses which were led by tech companies. In the U.S., the Nasdaq index declined by -1.8% and the S&P 500 index by -1.4%, while in the Euro Area losses were slightly smaller.
• In fixed-income markets, U.S. sovereign yields nudged up and German sovereign yields were stable, while Euro Area periphery spreads declined. In particular, Spain's 10-year sovereign spread declined by 3bp as markets wait for Friday's S&P revision of Spain's rating.
• In FX markets, the euro appreciated against the dollar, while in oil markets the barrel of Brent was stable around 66 dollars.
• There were no major economic data releases, but on the political front the U.K. and the EU announced the agreement on a 21-month transition period after Brexit, during which the U.K. will continue to abide to EU law.