Financial Markets Daily Report

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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.

Investor sentiment worsened slightly in a context of persisting trade tensions and mixed corporate earnings releases.

Trade tensions, monetary policy and economic data releases were the drivers of yesterday session.

Financial markets started the week with caution as they await for more earnings releases, which will be a key driver of stock markets in the next sessions.

Investors traded cautiously in the last session of the week and stock indices rose mildly in most euro area trading floors and in the US (where the S&P 500 reached a new record high).

Stocks were mixed and sovereign yields ticked up as investors digested messages from central banks and a solid U.S. June inflation reading (headline: 1.6%; core: 2.1%).