Financial Markets Daily Report13 maig 2026
Yesterday's session was driven by increasing concerns over extended energy supply disruptions, as differences between the US and Iran regarding the negotiated terms make a peace agreement hard to reach. Energy prices climbed, with Brent up nearly 4%, while TTF posted more modest gains.
On the macro front, April CPI figures for the US showed a slightly hotter-than-expected inflation (3.8% vs 3.7% expected, up from 3.3% in March), which redirected market expectations towards a rate hike from the Fed in early 2027. Treasury yields rose in consequence, and the dollar strengthened against the euro and the Japanese yen.
In the euro area, government bond yields also rose, widening slightly peripheral spreads. In equity markets, indices closed lower on both sides of the Atlantic, retreating from fresh record highs in the US, reached on Monday after a strong quarterly earnings season.