Investors ended the week in a positive note on the back of improving economic indicators in China.
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Markets started the week in a moderately positive note and sentiment pushed European stocks mildly upwards.
Market sentiment remained positive following a string of mostly positive earnings releases.
Europeanand Asian stocks advanced on the back of positive growth figures in China (see our assessment here) while U.S. stocks closed with a modest decline due to the release of mixed earnings results.
As financial markets were closed in most euro area countries, yesterday's focus was in the U.S., where the main equity indices ticked up in the lowest trading session since November.
Benoît Cœuré, member of the executive Board of the ECB, said yesterday in an interview that he is not favorable of tiering the central bank negative interest rates.
Disappointing economic sentiment data in Germany (April's Ifo sentiment was 99.2, from 99.6 in March) led to a downbeat mood in euro area financial markets.
Investor's remained cautious yesterday as they await for more clues on the upcoming macroeconomic and political outlook. In the U.S., results from technological companies surprised to the upside, while the industrial sector suffered from concerns about economic growth.
Markets ended the week in a positive mood and stocks advanced moderately across the board.
Global stocks started the week on the up as U.S. and China representatives resume formal trade talks in Beijing.
Yesterday, the outcome of the Fed's meeting sparked a modest repricing of assets. U.S. stocks reversed early gains and U.S. sovereign yields declined.
Stocks fell, the U.S. dollar appreciated against most currencies and U.S. and German sovereign yields ticked up as investors digested the outcome of Wednesday's Fed monetary policy meeting, which was in line with our expectation of no changes in monetary policy for the coming quarters.
Stock markets rose in most advanced economies as investors perceived that the strength in the U.S. economy can continue without inflationary pressures.
Investor sentiment deteriorated after a Donald Trump tweet revived the trade tensions between the U.S. and China.
Investors traded with a risk-on mood in yesterday's session amid the formal start of Joe Biden's transition into the White House.
Investors on Monday traded in their gains after one of the best months in decades for stock markets, during which breakthroughs in Covid-19 vaccines boosted stock valuations in sectors affected by the pandemic.
Global stocks are set to have their best month on record as optimism about a Covid-19 vaccine and Joe Biden's victory in the US elections caused a market rally in November.
Investors continued to trade cautiously in yesterday's session as COVID-19 cases continued rising in Europe and in the US. In this context, demand for safe assets (such as the Japanese Yen or the Swiss Franc) increased on a day in which US markets were closed due to the Thanksgiving holiday.
In yesterday's session, investors traded cautiously amid signs of a slow economic recovery. In the US, initial claims for unemployment benefits rose by 30k in the previous week and minutes from the Fed's November meeting showed how its members discussed how to provide more guidance on QE.
Financial markets were mixed in the last session of the week amid hopes for a COVID-19 vaccine, the advance of the second wave and growing tensions between the US Treasury and the Federal Reserve.