Financial Markets Daily Report26 October 2023
In yesterday’s session, investors traded cautiously focusing their attention on the corporate earnings season and being attentive to the monetary policy path ahead and to the geopolitical risks. In this context, yields on sovereign bonds surged in advanced economies, with the 10-treasury getting closer to 5%.
- In yesterday’s session, investors traded cautiously focusing their attention on the corporate earnings season and being attentive to the monetary policy path ahead and to the geopolitical risks. In this context, yields on sovereign bonds surged in advanced economies, with the 10-treasury getting closer to 5%.
- In equity markets, stock indices were mixed in the euro area and declined in the US, following some mixed profit releases in the tech sector. Elsewhere, the US dollar strengthened against most advanced and emerging economies’ currencies and the euro fluctuated below $1.06.
- Today the focus will be on the ECB Governing Council monetary policy meeting, where interest rates are expected to remain unchanged (depo and refi at 4.0% and 4.5% respectively), and on Q3 US GDP figure, which is expected to show an economy that grew at a dynamic rate despite the mounting headwinds that the global economy is facing.