Financial Markets Daily Report08 April 2026
In yesterday’s session, investors traded with a focus on geopolitical developments ahead of the ceasefire deadline set by President Trump. Markets opened with a risk-off tone but pared losses as the session progressed, particularly in the US, and energy prices rose. An agreement was ultimately reached shortly after midnight CET.
In the euro area, markets reopened after the long weekend. Government bond yields rose sharply as the deadline approached and there was little sign that an agreement would be reached, while equity indices fell. In the US, both rates and stocks closed flat, as that market had more time to react to the developements around the US-Iran negotiations.
In currency markets, the dollar weakened against peers, leaving the EUR/USD cross trading at 1.17 as of this morning, while in commodities markets, TTF prices closed higher in their first session after the long weekend. With no major macro releases scheduled today, market focus will shift to the implementation and durability of the ceasefire agreement.