- BOJ widens yield target band
- France imposed a 4-week lockdown in 16 areas of the country
- Fed announces no SLR exemption for banks
European indices finished today's session lower amid rising yields, and negative news on the pandemic front. French government has announced a new four-week lockdown in regions hardest hit by the pandemic, including the Ile-de-France region around Paris. Yesterday Britain confirmed that due to supple delays its vaccine rollout would be slower than expected in the coming weeks. Elsewhere, Bank of Japan left interest rates unchanged but announced that it will adopt a 0 +/- 0.25% target yield band for Japanese 10-year government bonds. Central bank dropped the 6 trillion JPY ETF buy target but maintained the 12 trillion JPY ETF buy ceiling. DAX 30 fell 0.9%, CAC40 lost 1.07% and FTSE100 finished 1.05% lower.
Mixed moods prevail on the US stock market, with Dow Jones fell more than 0.7% while S&P 500 is trading slightly below flatline and Nasdaq rose 0.6% after the Fed decided not extend the supplementary leverage ratio (SLR) exemptions– a measure that had allowed banks to hold lower capital reserves – beyond the March 31 deadline. Bond yields bounced off their lows after the announcement. The 10-year Treasury yield jumped to 1.74%, hovering near its 14-month high above 1.75% hit a day earlier. However later in the session yields retreated slightly, which allowed tech stocks to recover after sharp sell-off the day before. On the corporate front, delivery company FedEx posted better than expected fiscal third-quarter results while Nike revenue figures disappointed.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appWTI crude rose more than 2.5% and is trading around $61.50 a barrel, while Brent is trading 2.10% higher around $64.60 a barrel. Elsewhere gold rose 0.3% to $ 1,742.00 / oz, while silver is trading 0.7 % higher near $ 26.25 / oz.
Crude oil (OIL.WTI) is trying to recover from yesterday's very strong sell-off. The price of WTI crude oil today tested important support around $ 59.00 a barrel and returned to the $ 61.50 level. Currently price is trying to break above the lower limit of the upward channel. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
