Financial Markets Daily Report 21 March 2022
Investors traded with cautious optimism at the last session of the week, still hopeful a resolution in the Ukraine-Russia conflict could be possible. In addition, a meeting by US President Joe Biden and his Chinese counterpart Xi Jinping over the crisis in Ukraine ended without big surprises.
- Investors traded with cautious optimism at the last session of the week, still hopeful a resolution in the Ukraine-Russia conflict could be possible. In addition, a meeting by US President Joe Biden and his Chinese counterpart Xi Jinping over the crisis in Ukraine ended without big surprises.
- In this context, equity prices rose in both sides of the Atlantic, with tech stocks leading the way. The US sovereign yield curve flattened further while the USD appreciated modestly, following hawkish commentaries by various Fed officials, which called for a more aggressive interest rate normalization. The Brent price settled above $105.
- NATO leaders are holding a meeting this week to discuss the war in Ukraine. In the economic calendar, the focus will be on the March PMI flash releases for the main advanced economies (Thursday) and the IFO survey in Germany (Friday). There will also be several central bank members speeches, including Fed President Jay Powell today.