13 març 2019
Investors traded cautiously in a session in which U.S. stocks advanced moderately as roughly stable inflation figures support the Fed's patient approach to monetary policy.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
Investors traded cautiously in a session in which U.S. stocks advanced moderately as roughly stable inflation figures support the Fed's patient approach to monetary policy.
Markets set off on a positive mood as they started to recover from last week's losses and stocks rose across the board.
Stocks declined across the board on Friday as downbeat activity figures in the U.S. (nonfarm payroll employment +20,000 in February after +311,000 in January) and China (export growth dropped from 9.1% yoy in January to -20.7% in February) added to the OECD and the ECB's downgraded macroeconomic projections earlier in the week.
In yesterday's session, financial markets awaited cautiously for the ECB monetary policy statement and Draghi's press conference, where the ECB President explained that growth projections for this year were revised 0.6 pp downwards to 1.1%.
Stock indices were mixed as financial markets digested the downward revision of global growth forecasts from the OECD and the downbeat economic releases in the US (2018's trade deficit, the largest since 2008, and ADP employment report slightly below consensus).
Investors operated in a cautious mood as they await for concrete news on the US - China trade negotiations and tomorrow's ECB press conference.
Financial markets started the week with less optimism than in the previous sessions, despite the positive comments around the U.S. - China trade negotiations.
In the last session of the week, volatility in financial markets remained at very low levels and gains in advanced economies' stock indices were broad-based.
Stocks were mixed in yesterday's session as investors digested several economic releases and the U.S. formally suspended the tariff increase on Chinese goods "until further notice" (as had already been announced by Trump).
Stocks drifted lower after the top U.S. trade negotiator pushed back expectations for a deal that addresses the underlying trade tensions with China.