Daily Report

4 de Setembro de 2020
Daily Report 04.09.2020
  • In yesterday’s session, investors’ sentiment worsened following concerns of overvaluations in some risky assets and mixed economic data releases. In particular, August Composite PMIs came out weaker-than-expected in most euro area countries (Spain, Italy and France) and surprised positively in Germany, the US and China.
  • In this context, stock indices declined across the board, particularly so in the US where the technology heavy-weighed Nasdaq index declined by 5%. In fixed-income markets, yields on sovereign bonds edged down in the euro area and in the US.
  • In FX markets, the euro weakened slightly against safe-haven currencies such as the Swiss franc and, to a lesser extent, the Japanese yen and the US dollar.
  • Today, the focus will be on the August employment report in the US.