Financial Markets Daily Report
18 January 2022

Financial markets recorded a positive start of the week, supported by the better-than-expected Q4 GDP print in China (4% y/y) and positive expectations for the corporate earnings season later this week.

icones_financial-markets-daily-reports
  • Financial markets recorded a positive start of the week, supported by the better-than-expected Q4 GDP print in China (4% y/y) and positive expectations for the corporate earnings season later this week.
  • Stocks rose modestly across Europe and EMs, with tech, healthcare and energy shares outperforming. In the sovereign debt markets, the 10-year German Bund yield rose by 0.02 p. p. to -0.03%, the highest level since mid-2019, while euro area peripheral spreads widened modestly. In the US, markets were closed due to a public holiday.
  • In commodities, the price of the Brent rose further, reaching a 7-year high. The upswing reflects better expectations among investors about the evolution of the energy demand as well as the escalation of global geopolitical risks.
  • Today the Bank of Japan is announcing monetary policy decisions. On the data front, Germany’s ZEW business survey for January will be released.
Etiquetas