Financial Markets Daily Report04 maig 2026
Risk sentiment improved late in the week as crude prices eased. European markets were closed on Friday for the May Day holiday, while US and OTC markets remained open. Here, risk sentiment was supported by lower crude prices for the second day in a row, following an Iranian proposal regarding negotiations with the US.
US Treasury yields were little changed on Friday after the April ISM manufacturing survey showed resilient activity, driven by new orders, even as input prices rose to a four-year high. On Thursday, yields had fallen sharply on both sides of the Atlantic driven by easing crude prices and despite central banks’ cautious tone on inflation risks due to Hormuz's closure.
US stock indices advanced led by large-cap tech companies, most of which posted strong earnings. Earlier on Thursday, both European and US equities had moved higher, lifted also by falling energy prices. In FX markets, the euro edged higher despite Trump’s renewed threats of a new 25% tariff on European car imports.