Caution continued to set the tone in financial markets amid mixed corporate profits releases and hawkish comments by US Federal Reserve members. In particular, Raphael Bostic argued in favor of a rate hike in May’s meeting, and pausing there, while James Bullard leaned towards bringing interest rates towards the 5.50-5.75% target range.
Resultados de la búsqueda
Volatility and precaution continued to set the tone yesterday, with investors digesting hawkish messages from FOMC officials and hotter-than-expected PPI inflation data in the US (+0.7% m/m in January, the largest gain since June).
Minutes of the Federal Reserve's May 1-2 meeting showed officials said the economic outlook warranted another interest-rate hike "soon".
Stocks ended the week with a mixed session in the U.S. and moderate losses in the euro area.
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 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).
Global financial markets started the week in a negative tone and losses were especially pronounced in US equities (the S&P 500 and the Nasdaq decreased by 2.0% and 2.8% respectively).
Stocks ended the week with a mixed session as they rose in most European and emerging economies but declined in the U.S.
In yesterday's session, financial markets operated in a risk-off scenario, partly fueled in Europe by the European Commission's response to the Italian budget, which hints the possibility of a rejection from Brussels.
In yesterday's session, political uncertainty weighted on European financial markets, while the September's Fed meeting minutes focused the attention in the U.S.
Stock markets declined across the board in the last trading session of the week, while in fixed-income markets U.S. and German sovereign yields ticked up and Italy's sovereign spread rose to 285bp.
In yesterday's session, global stock markets undid the gains registered on the previous day and losses were broad-based across the globe.
Developed stock markets registered reasonable gains as the earning season started on a the right foot, especially in the US.
Yesterday European assets suffered another risk-off episode (more moderated than the experienced in late May) after two euro skeptic economists from League were appointed as heads of economic committees of the Italian Senate.
Investors traded with a risk-on mood on Wednesday. The main drivers were a rally in tech stocks, boosted by the restructuring plans from China’s Alibaba Group, as well as receding fears of contagion from the banking turmoil.
Financial markets started the week with optimism and stock markets rallied worldwide on the back of positive developments in trade talks to replace Nafta.
Stock markets rallied in advanced economies (with the exception of Italy, where the MIB index fell by -1.8%) on the back of possible talks between Chinese and US representatives to contain trade disputes
The Turkish lira plummeted on Friday and reached almost 7 lira per dollars as tensions intensified with the U.S. following the imposition of sanctions
The dovish hike delivered by the Federal Reserve and US Treasury Secretary Janet Yellen comments, signaling that regulators are not considering a broad expansion of deposit insurance, centered the stage in financial markets.
European stock markets continued with the positive mood of the last session and gains were moderate and broad-based across the different European countries.