Financial Markets Daily Report06 May 2026
Risk appetite improved on Tuesday after senior officials from Iran and the US confirmed that the truce remains in place and that negotiations are ongoing. In this context, crude oil prices fell, although Brent remained around USD 110 per barrel.
Sovereign bond yields declined on both sides of the Atlantic, with the largest moves at the front end of the German curve, while euro area peripheral spreads narrowed. In the US, Treasury yields edged lower as March data showed a slight decline in job openings alongside stronger hiring, pointing to a still resilient labour market.
Equity markets advanced in both Europe and the US. The Spanish Ibex 35 was among the best-performing European indices, while AI‑exposed companies continued to outperform in the US. In FX markets, the euro was broadly flat against the dollar, whereas the yen weakened again despite last week’s intervention by Japanese authorities.
In commodities, energy prices retreated in line with easing geopolitical concerns, while gold posted a modest rebound.