Investors' risk appetite remained subdued on Friday, as lower oil prices prevailed despite heightened disruption risks in the Strait of Hormuz, where a UK Navy-confirmed tanker strike on late Thursday temporarily raised maritime threat levels.
Search at CaixaBank Research
Search results
4533 results found for Roles of education in the development process
Risk aversion intensified on Monday after President Trump reinstated the Hormuz blockade for Iranian ships and imposed a transit levy on non-Iranian cargo, fuelling concerns over energy supply disruptions. Brent crude oil prices rose sharply, inflation expectations moved higher and market volatility increased.
Thursday was dominated by a hawkish-hold FOMC, ongoing AI-capex concerns, and a sharp re-escalation of the US-Iran war.
Tuesday's session opened September on a risk-off note. The re-escalation of U.S.-Iran tensions continued to fuel a rally in oil and gas prices, adding pressure to market-based inflation expectations and reinforcing market-implied probabilities of Fed and ECB rate hikes.
Markets closed on a mixed note on Friday, as a blowout US employment report showed job creation well above expectations in August (162,000 vs. 55,000 expected), alongside an upward revision to July's figures. Hawkish comments from the Fed's Hammack also pushed up market expectations for a Fed rate hike, with a September move priced in again.
A risk-off mood prevailed across financial markets on Tuesday, as energy prices rose, with Brent crude oil nearing $100 and TTF natural gas climbing above €75. Market-based inflation expectations increased, particularly in the US, as did expectations for higher interest rates, with a Fed hike next week priced at a 60% probability.
Thursday's session carried a broadly constructive tone. Equities rallied across most advanced and emerging economies, with the technology sector as a standout performer. In commodity markets, crude oil retreated for a second consecutive session (amid reports that China is asking Iran to rein in Houthi attacks). TTF natural gas also declined.
Wednesday saw a risk-off session in financial markets, as stronger-than-expected September PMIs, hawkish ECB and Fed comments, and higher Brent prices prompted an upward repricing of inflation expectations and policy rates, with markets pricing more than four ECB hikes and almost four Fed hikes over the next 12 months.
A soft US September jobs report, with payroll growth below expectations (29k vs 90k expected) but not weak enough to trigger growth concerns, alongside mixed Factory and Capital Goods orders data, prompted a modest upward reassessment of Fed rate expectations. Markets now price a hike in December and at least two more thereafter. Treasury yields rose.
Energy prices rose on Thursday amid reports of intensified Iranian attacks on tankers crossing Hormuz, before Trump ruled out new US attacks on Iran ahead of the midterms. Eurozone short-term inflation expectations rose, while ECB and Fed hike expectations remained stable, as officials struck a cautious, mildly hawkish tone and did not endorse an October move.
Friday saw a mixed session across asset classes. Energy prices rose amid elevated geopolitical risks in Hormuz and Ukraine, keeping short-term inflation expectations under pressure, particularly in the US.
Risk sentiment weakened in Europe as persistent investor concerns over France’s fiscal outlook continued to weigh on equities, the euro and sovereign bonds. In contrast, U.S. equities advanced, led by gains in AI-related and semiconductor stocks.
Las bolsas europeas han registrado leves descensos en una jornada marcada por el discurso de Theresa May sobre las negociaciones del brexit.
Investors have been relatively cautious as they continue to assess Trump's tax proposal. As a consequence, stock markets remained relatively stable.
Stock markets advanced in Europe and the US as German sovereign yields remained stable and US yields edged up.
US stock markets slipped in a low-volume session in which treasury markets were closed for the Columbus Day holiday.
Markets were relatively quiet, with mild movements in stock markets (advancing in the US and retracing in Europe) and stable sovereign yields.
Stocks and sovereign yields retreated as investors weighted the Federal Reserve's next policy move.
Investors remained relatively cautious with small gains in most of the developed stock markets and slight decrease in European sovereign yields.
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.