Content ID: PR_WCS01_UCM01149870
daily report 30.09.2020
- Monday's stock market rally went into reverse in yesterday's session, as investors weighed the prospects for the coronavirus pandemic and the possibility of further fiscal stimulus in the U.S.
- Oil prices took a hit as concerns over the global economic recovery affected expected demand. The price of the barrel of Brent fell 3.3% to $41.
- Financial stocks, which had led Monday's rally, were among the worst-performing sectors yesterday. The Eurostoxx50 fell 0.3% while the S&P 500 closed 0.5% lower. U.S. stock futures are down following yesterday night's chaotic U.S. presidential debate.
- In Europe, sovereign yields edged down, and the yield on 10-year Italian bonds fell 3 basis points despite large bond issuance.