Financial Markets Daily Report27 April 2021
Markets started the week on a positive note as investors eyed a heavy economic calendar in the days ahead. This morning the Bank of Japan left monetary policy unchanged, and today the Fed starts its two-day meeting. Corporate earnings reports and the release of GDP and inflation figures will also be under the spotlight in the next few sessions.
- Markets started the week on a positive note as investors eyed a heavy economic calendar in the days ahead. This morning the Bank of Japan left monetary policy unchanged, and today the Fed starts its two-day meeting. Corporate earnings reports and the release of GDP and inflation figures will also be under the spotlight in the next few sessions.
- Stocks rose across advanced and emerging economies on Monday. Sovereign yields were little changed, while in FX markets the USD traded in a narrow range and most commodity prices advanced.
- In Italy, President Draghi presented to Parliament the country's recovery plan to access €204.5bn of NGEU funds.
- On the data front, German business sentiment was little changed in April according to the Ifo's index (96.8 points, up from 96.6 in March). The index was dragged down by higher COVID-19 infections and supply constraints, as 45% of companies in the manufacturing sector reported bottlenecks in intermediate products.