Financial Markets Daily Report28 February 2022
In the last session of the week, investors' sentiment improved and their preference for riskier assets rose after the sharp sell-off sessions that preceded Friday.
- In the last session of the week, investors' sentiment improved and their preference for riskier assets rose after the sharp sell-off sessions that preceded Friday.
- In stock markets, indices rose significantly across the board while, in fixed-income markets, yields on sovereign bonds edged up in the euro area and peripheral spreads narrowed. The US Treasury yield remained fairly unchanged.
- In commodity markets, the price of the barrel of Brent and European gas moderated, although the further escalation of the conflict and the new sanctions imposed on Russia since Friday are pushing upwards gas and oil prices.
- This morning we knew that Spain CPI inflation for February rose from 6.1% to 7.4%, according to the flash estimate. During the week, the focus will be on the rest of inflation figures in the euro area, sentiment indicators (PMIs and ISM) and the US employment report on Friday.