Financial Markets Daily Report
27 abril 2022

In yesterday's session, investors' sentiment deteriorated amid the expectation of a tighter monetary policy from the Federal Reserve and the ECB and disappointing corporate results. Concerns about the Covid-19 situation in China added to the somber sentiment.

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  • In yesterday's session, investors' sentiment deteriorated amid the expectation of a tighter monetary policy from the Federal Reserve and the ECB and disappointing corporate results. Concerns about the Covid-19 situation in China added to the somber sentiment.
  • In this context, volatility rose and stock indices declined in most advanced economies (with the US Nasdaq falling by 4.0%). In fixed-income markets, yields on sovereign bonds decreased as investors moved to safe-haven assets such as the US Treasury and the German Bund. 
  • In energy markets, Spain and Portugal reached yesterday an agreement with the European Commission to limit the reference price for gas in electricity production to 50€/MWh. Nevertheless, news that Russia would halt gas flows to Poland and Bulgaria pushed European gas prices up by 11.6%.
     
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