Mixed markets today

FTSE outperformed IMF, Vaccine News, FOMC Minutes in Focus European exchanges are trading mixed after a record session on Tuesday. The expectation of a faster global economic recovery and the news that the European Covid vaccination program is expected to increase rapidly in the coming weeks increased the sense of risk. More risky assets like stocks were generally not in favor, but we also saw signs of a recovery in European trade. Return to European stocks brought Dax and Euro Stoxx 50 to all-time highs. Today, the FTSE is clearly outperforming, thanks to the IMF vote of confidence, the weak pound and rising commodity stocks. The UK is expected to experience an economic growth of 5.3% this year, thanks to the rapid vaccination program implemented in the UK, according to the IMF. Unified. In addition to the good news, the Moderna vaccine will be released today, two weeks ahead of schedule. The timing is very convenient, as is the case with AstraZeneca vaccines for children under 30. The importance of rapid vaccination administration cannot be overstated. Simply put, the sooner the population is vaccinated, the faster the re-opening process can occur and the less likely it is to leave deep economic scars. The IMF forecast responded to this fact. Germany, which has experienced a resurgence in Covid cases, is expected to experience a further disappointing growth of 3.6% this year, according to the IMF. PMI data on the service sector are more positive for the region and especially for Germany. Composite PMI, a good indicator of economic activity, rose to 57.3 in Germany, well above the forecast of 51.3. The US open futures prospect points to a muffled gap leading to the FOMC closing minutes. Investors prefer to stay on the sidelines as stocks fluctuate at record levels ahead of the FOMC minutes. US Treasury yie Read more

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