Financial Markets Daily Report26 February 2024
During Friday’s session, markets traded with a slightly higher risk appetite to end a week without any major economic data releases. Sovereign bond yields fell across the board, most notably on the longer ends of the curves, while the main equity indices advanced slightly.
- During Friday’s session, markets traded with a slightly higher risk appetite to end a week without any major economic data releases. Sovereign bond yields fell across the board, most notably on the longer ends of the curves, while the main equity indices advanced slightly.
- Comments from ECB officials, including Christine Lagarde, remarked again about the risks of cutting rates too early and emphasized that the ECB will make “data-dependent” decisions. In the US, the same comments were echoed in the Fed’s minutes released last week.
- This week, the main focus will be February inflation data releases, beginning with the PCE deflator in the US, the Fed’s preferred inflation measure, on Wednesday, followed by CPI data for euro area countries, with Spain’s, France’s and Germany’s data released on Thursday, ending with euro area CPI on Friday.