Financial Markets Daily Report

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Global stock markets extended the losses as investors digested the turn in trade negotiations between the U.S. and China.

Investor sentiment deteriorated after a Donald Trump tweet revived the trade tensions between the U.S. and China.

Stock markets rose in most advanced economies as investors perceived that the strength in the U.S. economy can continue without inflationary pressures.

Stocks fell, the U.S. dollar appreciated against most currencies and U.S. and German sovereign yields ticked up as investors digested the outcome of Wednesday's Fed monetary policy meeting, which was in line with our expectation of no changes in monetary policy for the coming quarters.

Yesterday, the outcome of the Fed's meeting sparked a modest repricing of assets. U.S. stocks reversed early gains and U.S. sovereign yields declined.

Global stocks started the week on the up as U.S. and China representatives resume formal trade talks in Beijing.

Markets ended the week in a positive mood and stocks advanced moderately across the board.

Investor's remained cautious yesterday as they await for more clues on the upcoming macroeconomic and political outlook. In the U.S., results from technological companies surprised to the upside, while the industrial sector suffered from concerns about economic growth.

Disappointing economic sentiment data in Germany (April's Ifo sentiment was 99.2, from 99.6 in March) led to a downbeat mood in euro area financial markets.

Benoît Cœuré, member of the executive Board of the ECB, said yesterday in an interview that he is not favorable of tiering the central bank negative interest rates.

As financial markets were closed in most euro area countries, yesterday's focus was in the U.S., where the main equity indices ticked up in the lowest trading session since November.