Financial Markets Daily Report28 June 2022
In yesterday's session, investors traded cautiously as they continued to assess whether central banks will be able to tame inflationary pressures without causing a hard landing. Geopolitical news centered the stage too, after the G7 meeting in Germany and ahead of today's NATO summit in Madrid.
- In yesterday's session, investors traded cautiously as they continued to assess whether central banks will be able to tame inflationary pressures without causing a hard landing. Geopolitical news centered the stage too, after the G7 meeting in Germany and ahead of today's NATO summit in Madrid.
- Russia defaulted on its external sovereign bonds for the first time since 1918, as it had difficulties to pay their bills due to sanctions imposed after the invasion of Ukraine.
- In this context, stock indices declined in the US, particularly so in the tech-heavy Nasdaq, and were mixed in the euro area. In fixed-income markets, yields rose in both sides of the Atlantic. In commodity markets, Brent oil and European gas prices continued to increase amid expected further sanctions on Russia.
- Today the focus will be on the June's Conference board sentiment indicators in the US.