Financial Markets Daily Report 10 març 2022
In yesterday’s session, investor sentiment improved and preference for riskier assets rose ahead of today’s meeting in Turkey between Ukraine and Russia foreign ministers. In addition, a Ukraine top foreign policy aide insisted that Ukraine is ready for a diplomatic solution. Brent and European gas prices moderated.
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- In yesterday’s session, investor sentiment improved and preference for riskier assets rose ahead of today’s meeting in Turkey between Ukraine and Russia foreign ministers. In addition, a Ukraine top foreign policy aide insisted that Ukraine is ready for a diplomatic solution. Brent and European gas prices moderated.
- In this context, dip buyers took advantage of previous sell-off sessions and stock indices registered the biggest rally since June 2020. In fixed-income markets, yields on sovereign bonds rose in both sides of the Atlantic and euro area peripheral spreads narrowed. The euro strengthened and fluctuated above $1.10.
- Today, the focus will be on the release of February CPI inflation figures in the US and on the ECB monetary policy meeting, where we expect the ECB to offer a wait-and-see approach instead of the previously expected rapid withdrawal of monetary policy stimuli.