Financial Markets Daily Report05 maig 2026
Risk sentiment deteriorated on Monday, particularly in Europe, as oil prices rebounded sharply. Renewed Middle East tensions and fears of supply disruptions amplified growth and inflation concerns. Sovereign bond yields rose on both sides of the Atlantic by a similar magnitude, while euro area peripheral risk premia also widened.
Equity markets declined in both regions, with losses more pronounced in Europe. In the US, factory orders grew more than expected in March, supported by strong demand for electronics linked to the AI boom. Earlier in the day, Asian markets had posted gains, led by technology stocks exposed to this trend, particularly in South Korea and Taiwan.
In FX markets, the dollar strengthened against the euro. The yen deppreciated slightly against the dollar, fuelling speculation about a potential new intervention by Japanese authorities if the currency weakens further. In commodities, oil and gas prices surged amid concerns about further supply disruptions, while gold prices fell.