Financial Markets Daily Report

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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.

Market sentiment remained positive following a string of mostly positive earnings releases.

Markets started the week in a moderately positive note and sentiment pushed European stocks mildly upwards.

Investors ended the week in a positive note on the back of improving economic indicators in China.

Investor's sentiment improved on Thursday on the back of positive economic data in the U.S. (jobless claims decreased to a 49-year minimum).