Brent oil and TTF gas whipsawed and stock markets were mixed as hostilities in the Middle East continued to weigh on investor sentiment. Tech equities steadied after last week's rout, but both the S&P 500 and the Eurostoxx closed moderately lower.
Resultats de la cerca
Global markets traded on a risk-on note in yesterday's session. Stocks rallied across advanced and emerging economies, supported by a recovery in semiconductor shares. The improvement in investor sentiment defied higher energy prices in commodity markets, as the price of Brent crude rose above $90 per barrel amid ongoing tensions in the Middle East.
Equities and sovereign yields decreased slightly in most of the developed countries due to a spike of risk aversion on the renewed tensions between the US and North Korea.
Strong rebound in sovereign yields especially for the Treasury yields that reached the highest level in two month mainly on the announcement of Donald Trump's tax-cut plan.
Stock markets mixed on Wednesday, as they remained broadly stable in the US, declined in the euro area periphery and advanced in Germany.
Investors remained cautious during the last day of the week with most of the main developped stock markets relatively stable and small decreases in sovereign yields.
Developed stock markets registered reasonable gains as the earning season started on a the right foot, especially in the US.
The adoption by the US Senate of a fiscal 2018 budget resolution brought optimism about the chances for tax cuts and supported a small decrease in sovereign yields.
Market participants remained relatively cautious as the publication of earnings reports will intensify in the coming days. U.S. stocks declined slightly while most of the European indices were up.
Stock markets registered gains across the US and Europe (including Germany, where the breakup of negotiations to form a government did not have an apparent impact on the market).
Slight increases in most of the developed stock markets during the last day of the week while long term sovereign bond yields registered small gains.
International markets experienced a surge in risk aversion during the last day of the week, with significant losses in most of developed stock markets and decreases in sovereign bond yields, as the investigation on a potential case of obstruction of justice by President Trump made a big step on Friday.
Stock markets diverged on both sides of the Atlantic as they posted moderate gains in the U.S. (S&P 500 flat, Nasdaq and Dow Jones on positive) but experienced widespread declines in Europe.
Equity markets have started the week in a very enthusiastic manner amid optimism that U.S. legislators are on the brink of passing the tax reform.
International stock markets were mixed with stronger declines in Europe and slighter decreases in the U.S., suggesting investors consider the effect of the tax reform is sufficiently priced in.
Stock markets advanced in the U.S. and experienced a generalized decline in Europe, while sovereign yields picked up both in the U.S. and the Euro Area.
U.S. stock markets rebounded while in Europe the tone was mixed. In sovereign bond markets, 10-year yields nudged down in the U.S. and edged up in the Euro Area.
As expected, the Governing Council of the ECB did not introduce changes in its monetary policy stance and maintained its pledge to move slowly in removing stimulus, repeating that interest rates are expected to remain at present levels until well past the end of net asset purchases.
U.S. stock markets ended their worst week in two years on a positive note, while European stocks also suffered losses in the last session of the week.
Yesterday stock markets registered small declines both in Europe and the U.S. In sovereign bonds markets, yields edged higher in the U.S. while they decreased slightly in Europe.