Financial Markets Daily Report

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

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

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 losses while in Europe the main indices advanced timidly, with increases around 0.5 percent.

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.

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

Volatility spiked in European sovereign bond markets.

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

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

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).

Global stock markets edged up with the Ibex 35 registering a slight increase of 0.2 percent and the S&P 500 gaining 0.9 percent.

Global stock markets edged up with the Ibex 35 and the S&P 500 registering increases of 0.5 and 1 percent respectively.