Market comment | Central banks mull over potential stimulus

Concerns about the Covid-19 spillover effect continued to weigh on financial markets although global central banks mull over stimulus. In this context, equity markets showed marginal rebound, although implied volatility in the S&P500 remained elevated.

Key points

• Key points:
• Fed Chairman left the door open to potential actions to curtail Covid spillover.
• U.S. yield hit new record lows (10Y yield below 1.15%).
• Disappointing manufacturing figures in both the U.S. and China.
• USD continued losing ground while the EUR appreciated further.

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