Financial Markets Daily Report 19 July 2022
In the first session of the week, investors' sentiment improved slightly and preference for riskier assets increased.
- In the first session of the week, investors' sentiment improved slightly and preference for riskier assets increased.
- Stock indices rose in Europe and in Asia, while declining in the US despite the better-than-expected corporate results presented yesterday. Health care was the worst performing sector in the S&P 500 and in the Eurostoxx.
- In fixed-income markets, yields on sovereign bonds rose in both sides of the Atlantic and the 10-year Treasury neared the 3% threshold again. In Spain, the risk premium increased due to a change in the Bloomberg reference bond. The rest of euro area peripheral spreads narrowed, including in Italy.
- In commodity markets, European gas prices moderated despite the force major declaration of the Russian gas producer Gazprom on several buyers, which explains the lower supplies over the past month and could extend more weeks. Oil prices rose and the barrel of Brent fluctuated above $105.