Daily Report

9 de Dezembro de 2021
Financial Markets | daily report 09.12.2021
  • Volatility declined but remained elevated, as investors continue to digest mixed information about the potential risk of the spread of the omicron variant and hawkish signals from central banks. Labour data in the US (job openings surged in October while hiring decreased) also suggested that shortages are persisting.
  • ECB Vice President Luis de Guindos noted that inflation in the eurozone will take longer to fall back to target than earlier estimated while board member Isabel Schnabel said that bond buying by the ECB may be inflating asset prices.
  • In this context, stocks fell across Europe but ticked up in the US. Sovereign bond yields also rose notably in both sides of the Atlantic, the euro hovered around recent levels and the oil prices continued to recover part of recent declines.
  • The economic calendar is light today after the release of exports data in Germany (4.1% m/m for October after -0.7% in September) and inflation figures for China (CPI up by 2.3% y/y in November and PPI up by 12.9% y/y).