In the last trading session before Christmas, stock markets declined and long-term sovereign yields remained stable (with the exception of Portugal, whose risk premium undid part of the week's strong decline as investors are still calibrating the implications of the improved sovereign rating)
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International stock markets closed on a positive note yesterday with slight increases both in Europe and in the U.S. while yields in sovereign bond markets remained relatively stable.
International stock markets were mixed with stronger declines in Europe and slighter decreases in the U.S., suggesting investors consider the effect of the tax reform is sufficiently priced in.
Slight declines in most developed stock markets, undoing part of Monday’s increases, as investors remained sensitive to news about the U.S. tax reform.
Equity markets have started the week in a very enthusiastic manner amid optimism that U.S. legislators are on the brink of passing the tax reform.
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.
Investors closed the week with an optimistic tone. Positive corporate earnings releases and Q1 activity data in China (GDP rose by 0.6% qoq and 18.3% yoy, due to base effects) contributed to the improvement in sentiment.
In a session with a Triple witching hour in the U.S., an event that usually increases volume and volatility as several futures and options expire simultaneously, stock indices declined in the euro area and in the U.S. while sovereign yields edged moderately up on both sides of the Atlantic.
Stock markets were mixed yesterday as the technological sector registered losses while the banking sector surged.
Global stock markets advanced across the board in yesterday's session. U.S. stocks reached new record highs on the back of robust retail sales data (+9.8% mom in March), but gains were more modest elsewhere.
International stock markets were mixed yesterday as the U.S. Senate suspended votes on the tax bill until today after a key compromise to win a majority collapsed.
International markets experienced a surge in risk aversion during the last day of the week, with significant losses in most of developed stock markets and decreases in sovereign bond yields, as the investigation on a potential case of obstruction of justice by President Trump made a big step on Friday.
European stock markets started the week on a positive note, with gains above 1% for most of the equity indices of the continent while in the U.S., the S&P 500 reversed part of the gains spurred by the Senate tax-cut measure.
Stock markets were mixed in yesterday's session, with further gains in the U.S. and small declines in the Euro Area. In fixed-income markets, sovereign yields were stable ahead of the central bank policy meetings later this week.
Stock markets slid both in the U.S. and the Euro Area while treasury and bund yields were little changed and Euro Area periphery sovereign spreads declined.
Stock markets diverged on both sides of the Atlantic as they posted moderate gains in the U.S. (S&P 500 flat, Nasdaq and Dow Jones on positive) but experienced widespread declines in Europe.
U.S. and European stock markets advanced in a session with few macroeconomic data releases.
International stock markets were mixed with slight losses in Europe and relative stability in the U.S., as the economic calendar was light yesterday.
Investors traded in a mixed mood as the U.S. earnings season kicked off. Global stocks were mixed, the USD weakened moderately and sovereign yields nudged up across the U.S. and Europe.
Slight declines in developed stock markets as the rally we have been observing since the beginning of this year seems to lose steam.