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.
Global stock markets extended the losses as investors digested the turn in trade negotiations between the U.S. and China.
Financial markets are still operating with a pessimistic tone since the U.S. and China stepped back in the trade negotiations this weekend.
In yesterday's session, investor sentiment worsened as the U.S. and China could not reach a last-minute agreement to avoid today's tariff increase from 10% to 25% on $200 billion of Chinese imports.
Investor sentiment has stopped deteriorating as trade negotiations between the U.S. and China keep on going despite the increase in tariffs that took place on Friday.
Trade tensions continued to rattle financial markets at the start of the week.
Investor sentiment improved in yesterday's session after President Trump signaled that the U.S. and China will continue to negotiate a trade deal.