Investors traded cautiously in the first session of the week.
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On Friday, markets ended a turbulent August with modest stock market increases and sovereign yields fluctuating around year-lows.
Stock markets rose across advanced and emerging economies as investor sentiment was buoyed by conciliatory remarks on the trade front.
Global stocks were mixed and the focus in yesterday's session was on political developments in Europe.
Risk-off sentiment picked up in yesterday's session as sources talked down expectations on a successful Trump-Xi meeting in the G20 summit. Stocks declined across advanced and emerging economies, driven by technology and commodities shares, and yields on U.S. and German sovereign bonds nudged down.
Investors traded in a mixed mood in yesterday's session.
Driven mainly by the trade tensions of the U.S. with China and, more recently, Mexico, stock indices in advanced economies declined, the price of gold rose and the Japanese Yen appreciated, in a canonical example of a risk-off session.
In yesterday's session, investor sentiment improved slightly from the risk-off mood that dominated last week.
Investors welcomed Fed Chairman Jerome Powell comments saying that the Federal Reserve is monitoring the possible implications of trade tensions and that it "will act as appropriate to sustain the expansion".
Financial markets' tone improved for the second day in a row on the back of previous Fed comments saying that it would support the economy in case the scenario worsens, mixed economic data releases and brighter investor expectations on trade tensions between Mexico and the U.S.
In yesterday session, global financial markets were driven by the dovish communication from the ECB and the developments in the negotiations between the U.S. and Mexico.
Global markets started the week on a positive note after U.S. President Trump suspended plans for tariffs on Mexico.
Markets underwent a relatively quiet session as they paused to assess the scenario.
Stock indices rose across the globe after Draghi said in Sintra's conference that more stimulus will be necessary in case there is no improvement in the risks to the economic outlook.
Investors started the week in a cautious mood as they eye the upcoming G20 summit at the end of this week, in which Presidents Trump and Xi Jinping are expected to meet and discuss the possibility of resuming trade talks.
In yesterday session, investors continued to digest the dovish tone set by the main central banks (ECB, BoE, BoJ and Fed). The expectation of monetary policy stimulus in the coming months pushed global stock indices up.
Central bank communication has been in the spotlight of investors for a while, and yesterday's focus was on the Federal Reserve monetary policy meeting.
In the last session of the week, stock indices declined across the globe and sovereign yields edged lower amid continuing concerns over trade tensions between the U.S. and China and better-than-expected U.S. retail sales.
Markets traded in a cautious mood in yesterday's session and advanced-economy stocks advanced moderately.
U.S.-China trade tensions (most recently, China's threat to restrict exports of rare earths, as pointed in yesterday's comment).