In the last session of the week, investors traded cautiously amid ongoing talks between Russian and Ukrainian authorities, although during the weekend Russia intensified aerial attacks on the western part of Ukraine. This week talks are expected to continue between both countries and officials from China and the US will also hold a meeting.
Resultats de la cerca
Investors started the week with no clear direction, as traders digested mixed signals from the GDP data in China and corporate results in the US. Financial markets were closed across Europe, Australia and Hong Kong.
In yesterday's session, investors' sentiment deteriorated amid the expectation of a tighter monetary policy from the Federal Reserve and the ECB and disappointing corporate results. Concerns about the Covid-19 situation in China added to the somber sentiment.
Investors traded with a risk-on mood on Monday after Joe Biden signalled he would reconsider tariffs imposed to China by the Trump administration and Christine Lagarde offered a clear guidance on the next steps for the ECB.
A positive start of the week across financial markets, with sentiment boosted by resilient survey data in Europe and a relaxation of COVID restrictions in China. Markets were closed in the US due to a public holiday.
Risk aversion returned to the fore during a volatile session on Tuesday, as investors reassessed the risk of a global recession amid ongoing disruptions in gas supply in Europe and reports of new COVID cases in some regions in China.
Risk appetite extended across markets on Thursday, as fears about inflation and monetary tightening eased following soft labour data in the US (weekly jobless claims rose to the highest level since January). Meanwhile, news reported that China’s government is considering more fiscal support by raising by $220bn the issuance of special bonds.
Risk aversion continued to set the tone across markets on Thursday, following the imposition of lockdown measures in some big urban areas in China. In the US, new weekly jobless claims and the manufacturing ISM survey surprised positively, which, in turn, exacerbated fears among investors of more aggressive interest rate hikes.
El sector turístic espanyol afronta el 2026 amb unes bases sòlides i amb unes perspectives favorables, després de la normalització del creixement postpandèmia. El 2025, Espanya va reafirmar el seu lideratge internacional, ja que va rebre 97 milions de turistes estrangers i va assolir una despesa turística rècord de 135.000 milions d’euros, i es va consolidar com la segona potència mundial del sector. El PIB turístic va créixer el 2,7% i es preveu que mantingui un avanç anual sostingut al voltant del 2,5%-2,7% els propers anys. El sector presenta un perfil més equilibrat, marcat per la diversificació geogràfica de les destinacions i per una menor estacionalitat de la demanda. A més a més, el turisme de luxe es posiciona com a segment estratègic per incrementar el valor afegit del sector, i el turisme silver, per desestacionalitzar la demanda i dinamitzar les àrees rurals. D’altra banda, el sector de la restauració requereix més professionalització i models de negoci més escalables per millorar-ne la resiliència.
Investors traded with a risk-on mood on Wednesday. The main drivers were a rally in tech stocks, boosted by the restructuring plans from China’s Alibaba Group, as well as receding fears of contagion from the banking turmoil.
Another session with mixed results across financial markets on Wednesday, with investors’ sentiment weighted down by weak trade data in China and hawkish signals from some major central banks.
With no meaningful progress in the peace negotiations between the US and Iran, market focus shifted toward macroeconomic data releases and earnings results. Investors also remained attentive to President Trump’s arrival in China for talks with President Xi Jinping, where discussions are expected to focus on the implications of the Middle East conflict and on efforts to ease trade tensions between the two countries.
Investors started the week trading with a more subdued tone, with sentiment soured by data showing a slowdown in China in Q2 and by lingering inflationary concerns on the back of upside tensions in some agricultural prices.
Greetings back to work in a week beginning with the downbeat echoes of Friday, when investors traded in a risk-averse mood. Sovereign bond yields ended the week sliding across the board, especially in Europe, and so did stocks, with the biggest falls in China. The USD was broadly flat, while commodities rose slightly.
Friday´s session was clouded by the risk that geopolitical tensions in the Middle East could escalate further causing a sustained rise in oil prices. On the economic side, US University of Michigan Consumer Sentiment fell from 68 to 63 from last month and China exports fell, although by less than expected by the consensus.
Durante los tres primeros trimestres de 2025, la libra se depreció respecto al euro, pese a tener un diferencial de tipos favorable, por la resiliencia de la eurozona y las presiones fiscales y la incertidumbre política en el Reino Unido. Desde entonces, la dinámica se ha revertido ligeramente, con una apreciación moderada que se ha visto acentuada a partir del conflicto en Oriente Próximo, cuando la libra se ha comportado mejor que el resto de principales divisas, más allá del dólar.
Markets ended the week in a mixed mood as investors pondered over the Fed's plans for stimuli withdrawal, risks from China's Evergrande and the announcement that Chinese authorities will ban all transactions and mining related to cryptocurrencies. Global stocks declined or closed flat while the USD rose against most AE and EM currencies.
Financial markets ended the week on a slightly positive note. News from early in the week of US-China trade negotiations helped sustain sentiment in equity markets, despite survey data showing a sharp deterioration in US consumer sentiment and an uptick in inflation expectations.
Investors ended the week by trading cautiously amid ongoing trade uncertainty, after Trump accused China of breaching a trade deal and said he expected to speak to Xi. US Treasury yields fell slightly, with some Fed officials maintaining their wait-and-see approach despite data released on Friday showed US consumer spending and PCE inflation slowed down in April.
Markets traded cautiously as investors awaited news regarding trade negotiations between the US and China. The World Bank cut its global economic growth forecast, pointing to uncertainty brought by trade war as the main cause. In today's session, financial markets will focus on US CPI data for May.