30 October 2017
Stock markets ended the week on a positive note as they advanced supported by good earnings and macroeconomic data.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
Stock markets ended the week on a positive note as they advanced supported by good earnings and macroeconomic data.
As expected, the European Central Bank announced its plan to halve its monthly bond purchases to 30 billion euros starting in January.
Equities went down in most of the developed countries as investors are assessing earnings and remain prudent before the ECB meeting.
Market participants remained relatively cautious as the publication of earnings reports will intensify in the coming days. U.S. stocks declined slightly while most of the European indices were up.
Last week, markets closed on a relative stable note with slight rebounds in sovereign debt yields and relative stability in most of the developed stock markets.
The adoption by the US Senate of a fiscal 2018 budget resolution brought optimism about the chances for tax cuts and supported a small decrease in sovereign yields.
Developed stock markets registered reasonable gains as the earning season started on a the right foot, especially in the US.
Investors remained relatively cautious with small gains in most of the developed stock markets and slight decrease in European sovereign yields.
Small gains in most of the stock markets with the exception of the Spanish stock market that registered loses due to the tensions regarding the Catalan question.