Financial markets were less volatile in the first session of the week as investors digested the latest Jerome Powell's comments on the upcoming official interest rate moves (more flexible and aware to risks).
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Trade tensions between China and the U.S., the extension of the U.S. government shutdown and positive surprises in the earnings season determined yesterday investor's mood.
In the last session of the week, investors traded in a cautious mood as they continued to digest the Fed's more dovish and patient tone.
In a session where the inflow of macroeconomic and sentiment data was abundant in the U.S. and in the euro area, investors read it, overall, in the downside.
Financial markets started the week with less optimism than in the previous sessions, despite the positive comments around the U.S. - China trade negotiations.
Advanced-economy stocks rose across the board as investors found support on positive indicators both in the U.S. (a solid +0.8% mom increase in capital goods orders in January and muted price pressures according to the producer price index, which rose +0.1% mom in February) and the Eurozone (industrial production +1.4% mom in January).
Financial markets ended the week with an optimistic tone, on the back of better-than-expected employment creation in the U.S. and advances in trade negotiations between the U.S. and China.
Driven mainly by the trade tensions of the U.S. with China and, more recently, Mexico, stock indices in advanced economies declined, the price of gold rose and the Japanese Yen appreciated, in a canonical example of a risk-off session.
In the last session of the week, stock indices declined across the globe and sovereign yields edged lower amid continuing concerns over trade tensions between the U.S. and China and better-than-expected U.S. retail sales.
Stock indices rose across the globe after Draghi said in Sintra's conference that more stimulus will be necessary in case there is no improvement in the risks to the economic outlook.
In yesterday session, investors continued to digest the dovish tone set by the main central banks (ECB, BoE, BoJ and Fed). The expectation of monetary policy stimulus in the coming months pushed global stock indices up.
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).
Investors flew to safe-haven assets in the first session of the week as they reacted to the weekend's drone strike on Saudi Arabia's oil production facilities.
In the first session of the week, investors awaited for clues on the trade negotiations between the U.S. and China.
In the last session of the week, investors traded cautiously as they awaited for what was expected to be a key vote in the U.K. on Saturday.
Investor optimism around trade talks led to a moderate risk-on mood at the end of the week. In particular, officials said that sections of the first phase of a trade deal between the U.S. and China are nearly completed.
Financial markets ended the week with a positive tone as investors perceived that a partial trade deal between the U.S. and China is closer. More concretely, the U.S. Commerce Secretary, Wilbur Ross, said that progress was being made in the agreement's details.
In yesterday's session, investors traded with optimism as they weighed the details on the phase-one trade deal with the weaker-than-expected business sentiment data in advanced economies.
Investors ended the week in a mixed session, as they assessed the release of U.S. economic indicators and evolving tensions between the U.S. and Iran.
Investors traded cautiously ahead of today's signature of the U.S.-China phase-one trade deal and the release of further details on the agreement.