Financial Markets Daily Report
30 abril 2026
Sentiment deteriorated as stalled US–Iran negotiations and reports that Washington may be preparing for a prolonged conflict pushed energy prices sharply higher. Meanwhile, the Fed left rates unchanged, as expected, but highlighted rising inflation risks, with the statement drawing three dissents from officials opposed to maintaining an easing bias.
Against this backdrop, Brent crude rose around 6% to USD 118/bbl, while TTF gas climbed to €47/MWh. US Treasury yields rose, most notably at the front end, with the 2-year yield rising more than 10bp, as expectations of the Fed staying on hold through 2026 and into 2027 strengthened. The US dollar edged higher, with EUR/USD settling around 1.16.
Euro area sovereign yields also rose, albeit more moderately on the long end of the curves, with attention now shifting to the ECB and BoE meetings today. Equity markets weakened. Euro area indices closed lower, led by losses in Spain’s IBEX-35, while US equities ended broadly flat, constrained by higher yields and lingering concerns around the AI trade.