Stocks declined across the board on Friday as downbeat activity figures in the U.S. (nonfarm payroll employment +20,000 in February after +311,000 in January) and China (export growth dropped from 9.1% yoy in January to -20.7% in February) added to the OECD and the ECB's downgraded macroeconomic projections earlier in the week.
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In yesterday's session, financial markets awaited cautiously for the ECB monetary policy statement and Draghi's press conference, where the ECB President explained that growth projections for this year were revised 0.6 pp downwards to 1.1%.
Investors operated in a cautious mood as they await for concrete news on the US - China trade negotiations and tomorrow's ECB press conference.
International investors remained cautious with no further progress in equity markets and stability for the sovereign yields after the geopolitical tensions intensified again at the beginning of the week.
Financial markets started the week with less optimism than in the previous sessions, despite the positive comments around the U.S. - China trade negotiations.
In the last session of the week, volatility in financial markets remained at very low levels and gains in advanced economies' stock indices were broad-based.
Stocks were mixed in yesterday's session as investors digested several economic releases and the U.S. formally suspended the tariff increase on Chinese goods "until further notice" (as had already been announced by Trump).
Stocks drifted lower after the top U.S. trade negotiator pushed back expectations for a deal that addresses the underlying trade tensions with China.
Financial markets were relatively quiet as investors waited for the Fed Chairman's testimony to the Senate.
Financial markets started the week in a positive mood after U.S. President Donald Trump postponed the date for increasing tariffs on Chinese imports.
In the last session of the week, stocks rallied across the board amid positive signs from U.S.-China trade negotiations.
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.
Strong rebound in sovereign yields especially for the Treasury yields that reached the highest level in two month mainly on the announcement of Donald Trump's tax-cut plan.
While analysts await for the U.S. and China trade talks to resume next week, financial markets received the last Fed's meeting minutes without big movements.
Gains eased in the last session of the week, stocks finished down slightly on Friday and volatility declined.
U.S. stocks advanced moderately on the back of a better-than-expected start to the earnings season.
Investors traded in a positive mood after Chinese officials had stated early in the morning that the Chinese government will continue to cut taxes in order to support its slowing economy.
After yesterday's weak Chinese trade data, investors showed concerns about slowing global growth and traded in a cautious mood.
Markets were driven by opposing signals about trade tensions in yesterday's session. European stocks were mixed, EM equities closed flat and U.S. stocks rose in a late-session rally.
In yesterday's session, most international stock indices managed to register moderate gains on the back of a positive assessment of the trade talks between China and the U.S.