01 agost 2019
Yesterday, Fed's 25 bp interest rate cut and the economic releases in Europe took center stage.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
Yesterday, Fed's 25 bp interest rate cut and the economic releases in Europe took center stage.
Stock markets decreased across the globe as investors perceived that trade talks between the US and China made very little progress.
In the first session of the week, investors traded cautiously as they await for the Federal Reserve monetary policy decision on Wednesday and for news on the trade talks.
In the last session of the week, stock indices rose in the US and core euro area following positive corporate results and the better-than-expected GDP growth figures in the US.
In yesterday session, stock indices declined in the US, after several weak Q2 corporate results, and in Europe, after Draghi missed market expectations since they expected a more dovish press conference.
The main drivers of yesterday's session were corporate earnings releases and weak economic sentiment data in Europe.
Investor sentiment improved on the back of relatively positive earnings releases in Europe and in the US.
Financial markets started the week in a cautious mood as investors await for the ECB monetary policy meeting on Thursday and for more Q2 earnings releases.
As July's main central banks meetings are getting closer, monetary policy is taking center stage in financial markets.
US monetary policy makers centered the stage in yesterday's session, as some Fed officials argued for a shift in monetary policy towards a more dovish stance.