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.
Markets closed a volatile week on a relatively quiet note. Stocks rose moderately across advanced and emerging economies and U.S. and German sovereign yields were stable around their year-lows.
Easing trade tensions between the U.S. and some of its main trade partners improved investor sentiment.
Stocks rose across advanced economies as the rebound in risk assets from the trade-driven sell-off continued.
Stocks fell across the board in the last session of the week.
Stock indices in advanced economies tumbled as the Donald Trump administration put the Chinese telecom Huawei in the blacklist that could forbid it from doing business with U.S. companies.
Financial markets ended the week with a downbeat tone as investors considered Joe Biden's $1.9 trillion relief plan and the negative evolution of the pandemic.
In yesterday's session, investors focused on brexit news, the release of the last Fed meeting minutes and trade tensions between the U.S. and China.
In yesterday's session a risk-off mood dominated investor sentiment. Stock indices declined across the globe and the price of safe assets (such as U.S. Treasuries, Japanese yen, Swiss franc and gold) rose.
Investors traded in a mixed mood in yesterday's session.
In yesterday's session, investor sentiment improved slightly from the risk-off mood that dominated last week.
Investors traded in a mixed mood in the last session of the week. While European and emerging-market equities declined across the board, U.S. stocks bounced back from losses on the back of stronger-than-expected labor market data (nonfarm payrolls + 379k in February) and their turnaround reversed last week’s losses in the S&P 500.
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.
Escalating tensions between the U.S. and China led to higher financial volatility and a shift from risky assets to safe bonds in yesterday's session.