daily report 13.01.2021

Mercados na Europa reagiram à proliferação do vírus na região

• Tuesday's session was mixed, as investors weighed worries of further restrictions to stem the spread of the virus in Europe against prospects of additional fiscal stimulus in the United States.
• In Europe, stocks nudged down as the COVID variant found in the U.K. has already been detected in a number of European countries and the French prime minister refused to rule out the possibility of a third national lockdown.
• Meanwhile, in Italy, a row over the country's recovery plan forced the government to table a new proposal to avoid a political crisis. The country's 10-year sovereign spread rose 6 basis points on the news.
• In the U.S., stock markets closed barely higher. In fixed-income markets, the yield on 10-year Treasuries searched for direction as investors assessed the likelihood of additional fiscal stimulus under the upcoming Biden presidency: while at one point it had reached a postpandemic high, it closed falling 2 basis points on the day.