Financial Markets Daily Report29 March 2022
Financial markets started the week with cautious optimism as headlines on the war in Ukraine continued to weigh on investors' sentiment. Today, Russian and Ukrainian delegates are holding meetings in Turkey, with the Ukrainian authorities reportedly willing to discuss neutrality and other conditions.
- Financial markets started the week with cautious optimism as headlines on the war in Ukraine continued to weigh on investors' sentiment. Today, Russian and Ukrainian delegates are holding meetings in Turkey, with the Ukrainian authorities reportedly willing to discuss neutrality and other conditions.
- In this context, stock indices rose modestly across most advanced economies while yields on 10-year sovereign bonds edged down in core euro area and in the US. Nevertheless, reflecting investors' inflationary concerns, the yield on shorter maturities rose, leading to a flattening of yield curves. Euro area peripheral spreads widened.
- In commodity markets, the price of the barrel of Brent decreased amid concerns on global demand as China announced more lockdowns due to rising COVID-19 infections.
- Today, the focus will be on March's US Conference Board indicators and February's retail sales data for Spain.