Markets exhibited a positive performance after the release of better-than-expected sentiment indicators in the euro area.
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Markets started the week in a moderately positive note and sentiment pushed European stocks mildly upwards.
Europeanand Asian stocks advanced on the back of positive growth figures in China (see our assessment here) while U.S. stocks closed with a modest decline due to the release of mixed earnings results.
As financial markets were closed in most euro area countries, yesterday's focus was in the U.S., where the main equity indices ticked up in the lowest trading session since November.
Disappointing economic sentiment data in Germany (April's Ifo sentiment was 99.2, from 99.6 in March) led to a downbeat mood in euro area financial markets.
Investors traded cautiously in the last session of the week and stock indices rose mildly in most euro area trading floors and in the US (where the S&P 500 reached a new record high).
Investor sentiment improved on the back of relatively positive earnings releases in Europe and in the US.
The main drivers of yesterday's session were corporate earnings releases and weak economic sentiment data in Europe.
In yesterday session, stock indices declined in the US, after several weak Q2 corporate results, and in Europe, after Draghi missed market expectations since they expected a more dovish press conference.
In the last session of the week, stock indices rose in the US and core euro area following positive corporate results and the better-than-expected GDP growth figures in the US.
Yesterday, Fed's 25 bp interest rate cut and the economic releases in Europe took center stage.
After the risk-off session of Monday, triggered by the depreciation of the Chinese yuan above the 7 yuans per US dollar threshold, financial markets' volatility moderated and stock indices edged down in Europe and rose in the US.
Stock markets rose mildly in most trading floors while yields on sovereign bonds edged up in the US and declined in the euro area (the German Bund reached a new minimum yielding -0.58%).
Global stocks were mixed and the focus in yesterday's session was on political developments in Europe.
Financial markets ended the week with a positive tone and stock indices rose in most European and U.S. trading floors.
On Friday, sovereign yields rose and European stocks edged up as investors digested the new round of ECB stimulus.
Markets were mixed as investors eyed the Fed meeting. Ahead of its decisions, European stocks declined moderately and sovereign yields were little changed.
Despite the weakness shown in the sentiment indicators for some euro area countries, investors' optimism on trade tensions fuelled risk-on flows.
Stock markets exhibited a more positive mood in yesterday's session and rose across the U.S. and the euro area.
In the last session of the week, investors traded cautiously amid mixed economic data releases. In this context, stock indices edged down modestly in most euro area countries and rose mildly in the U.S.