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On Friday, stock markets edged up in the U.S. and were mixed in the euro area (advancing in the periphery and nudging down in the core).

U.S. and European stock markets were relatively quiet at the start of the week.

The yield on 10-year U.S. Treasuries jumped above the 3 percent threshold to its highest level in about seven years.

Volatility spiked in European sovereign bond markets.

European markets closed yesterday's session in a more positive mood.

European fixed-income markets started the week with a safe-haven movement as Italy's Lega and M5S agreed on Giuseppe Conte (a law professor from Florence University) as their pick for prime minister.

U.S. stock markets registered slight losses while in Europe the main indices advanced timidly, with increases around 0.5 percent.

Minutes of the Federal Reserve's May 1-2 meeting showed officials said the economic outlook warranted another interest-rate hike "soon".

U.S. stock markets registered slight declines after President Trump had decided to cancel the summit with the North Korean leader Kim Jong Un.

European stock markets were mixed, with the Ibex and the Italian FTSE MIB loosing 1.7 percent and 1.5 percent respectively.

European stock markets edged down, with the Italian FTSE MIB leading the losses and declining more than 2%.

Political uncertainty in Italy triggered another flight-to-quality episode in global financial markets.

Investors exhibited a more optimistic mood after the safe haven episode experienced on Tuesday.

Financial markets showed a less negative sentiment on Italian assets, as M5S and Lega closed a new government deal that eased concerns on euro break-up.

Markets ended the week on a positive note as stocks rallied, U.S. and German sovereign yields ticked up and euro area peripheral sovereign spreads declined strongly.

Advanced financial markets started the week in an optimistic mood. Stock market indices advanced moderately both in the U.S. and Europe (except for the Italian MIB).
 

Yesterday, risk aversion returned to European markets (although less sharply than last week) as investors reacted to Italian PM Giuseppe Conte's maiden speech in the Senate.

European sovereign yields edged up on the back of upbeat comments from the ECB's Chief Economist Peter Praet, which gave investors greater confidence in the ECB's intentions to gradually wind down net asset purchases in the coming months.

Yesterday markets exhibited a mixed performance as most U.S. and European stock market indices declined (with the exception of the Spanish Ibex 35 and the Portuguese PSI 20).

Most of the European stock market indices decreased on Friday while the main U.S. indices registered slight increases.