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The U.S. bond sell-off continued last Friday after President Joe Biden said every U.S. adult would be eligible for a Covid-19 vaccination by May 1st and set July 4th Independence Day as a new target for a return to normality.

In yesterday's session, volatility declined, US stock indices rose led by gains in the tech sector and euro area equities were mixed.

In yesterday's session, US investors traded with optimism as more people are receiving vaccines and economic data releases came out better than expected. European markets were closed due to the Easter holiday.

Markets went through a mixed session as investors digested solid U.S. activity figures. U.S. GDP growth accelerated to +1.6% qoq in Q1 2021 (Q4 2020: +1.1%) on the back of stronger private consumption (+2.6% qoq), which found support on easing restrictions and fiscal stimulus. U.S. stocks advanced and yields on Treasuries nudged up.

Volatility edged up amid a bunch of economic releases on Friday. In the euro area, GDP contracted moderately in Q1 (-0.6% qoq) while inflation rose to 1.6% in April (+0.3pp) due to base effects in energy prices. U.S. consumer spending rose +4.2% mom in March as consumers received stimulus checks, and PCE core inflation advanced to 1.8% yoy.

During a volatile session, stocks almost wiped out their initial gains as technology shares turned lower, offsetting optimism over solid corporate earnings and positive economic data (service ISM and ADP employment surveys).

Investor sentiment steadied in yesterday's session and markets halted a string of volatile sessions this week. U.S. stocks rebounded and European equities continued to advance. Earlier, Asian stocks had closed lower, dragged by the previous days' jump in volatility.

Wall Street's main indexes closed little changed as investors weighed inflation concerns and a fresh surge in so-called "meme stocks" : AMC jumped 97.44%. European equities closed at another record high amid hopes of a strong economic rebound that boosted cyclical stocks.

Investors traded with a positive mood on Wednesday, easing concerns about a rapid withdrawal of monetary accommodation by the major central banks.

Investors traded more cautiously in yesterday's session as several regional Fed presidents (Bullard, George, Kaplan) signaled that they favor tapering asset purchases soon. Volatility rose and stock markets declined across advanced and emerging economies.

Financial markets ended the day with mixed results, as investors balanced fears about lingering supply constraints and pandemic-related risks with expectations that monetary policy will remain accommodative.

Investors ended the week in a mixed mood. Volatility jumped and stock markets declined across many advanced economies. In contrast, EM equities posted moderate gains.

Markets started the week on a moderately positive note. In a session with no major economic releases, volatility declined, stocks rose moderately across advanced economies, and EM equities were mixed.

Markets were mixed on Thursday. EM and U.S. stocks ended lower while European equities rebounded from a seven-week low, led by the travel and leisure sector.

Financial markets started the week with a risk-off session fuelled by concerns that Evergrande, a giant property developer in China, is facing a liquidity crisis and might not be able to service its debt repayments.

In yesterday's session, investors traded cautiously as they weighed signs of building inflationary pressures with positive corporate results and better-than-expected economic data releases.

Investors traded with a risk-on mood on Tuesday, extending recent gains across equity markets following the release of positive economic data and solid corporate results.

In yesterday's session investors traded cautiously as, again, inflation concerns and monetary policymakers' comments centered the stage.