Investors started the week on a prudent note as they reassessed expectations of a Fed rate cut in the light of recent strong U.S. labor market data.
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In U.S. markets, stocks advanced and sovereign yields declined for short-maturity treasuries (the U.S. sovereign curve steepened) as messages from the U.S. Federal Reserve made investors confident that the Fed will cut rates soon.
Investor sentiment worsened slightly in a context of persisting trade tensions and mixed corporate earnings releases.
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.
Financial markets started the week with a positive tone as investors perceived that trade tensions between China and the U.S. moderated.
Investor sentiment continued to improve in yesterday's session as trade tensions between China and the U.S. moderated.
Markets started the week cautiously as investors moderated their hopes about the U.S.-China preliminary deal.
Markets moderated their gains in yesterday's session as investors focused on geopolitical developments and a few economic data releases.
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.
In 2019, the positive trend will continue in the tourism industry although the past few years΄exceptional growth rates are expected to diminish, in line with the slowdown observed in 2018. The big challenge facing the industry will be to consolidate its excellent performance regarding inbound tourism over the past few years while shifting its focus onto higher value added segments.
Markets were mixed as investors eyed the Fed meeting. Ahead of its decisions, European stocks declined moderately and sovereign yields were little changed.
The appetite for risk that investors showed in the previous sessions seemed to moderate on Tuesday and risk-on flows were more contained.
Stocks rose moderately across advanced and emerging economies ahead of the Fed's meeting and as investors continue to eye U.S.-China negotiations.
In yesterday's session, investors traded with moderate optimism amid improving sentiment regarding the economic outlook for the coming quarters.
Markets underwent a mixed session as the U.S. and China signed their phase-one trade deal. U.S. stocks advanced mildly while most AE and EM indices declined moderately.
Investors traded with moderate optimism in a session in which U.S. markets were closed due to President's Holiday.