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How did the markets fluctuate?

A cautious mood prevailed in the financial markets as investors hedged ahead of the start of a new week filled with major economic reports and risky events. Asian stocks looked unenviable this morning in the wake of the overnight decline on Wall Street after Apple announced its plans to slow hiring and growth spending for next year. Renewed fears of the spread of Covid-19 in China reinforced the negative atmosphere, to increase the levels of concern about the slowdown in economic growth.

Risk assets will face a volatile week as investors seek safe havens due to the negative atmosphere in the markets. The value of European futures fell ahead of the upcoming European Central Bank meeting on Thursday. As for commodities, the performance of the bulls in oil prices declined this morning following the rise recorded yesterday, while gold prices hovered above the $1700 barrier per ounce.

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