Financial Markets Daily Report
23 enero 2026
Risk-on dominated markets for a second day as Trump’s Greenland spat faded. US short-term Treasury yields slipped after upbeat macro data: Q3 GDP was revised to 4.4% SAAR, November consumer spending stayed firm, while initial jobless claims ticked higher in the week ended January 17.
Eurozone sovereign yields were mixed. Short-term German yields rose and the curve steepened, with Bundesbank flagging weak business sentiment points to modest Q1 growth. Eurozone peripheral spreads narrowed, notably the French one. Japanese long-dated yields eased slightly for a second day, signaling stabilization after early-week large hikes.
Equities advanced across developed and emerging markets as geopolitical risks receded, which also lifted the euro against the dollar and Swiss franc. In commodities, gold surged to fresh highs over dollar softness, while oil retreated on swelling US inventories and signs of progress in Ukraine peace talks.