Financial Markets Daily Report 30 maig 2022
Risk appetite extended across markets during the last session of the week, boosted by signs that inflation in the US may have peaked while consumer spending remained strong at the start of Q2, according to the April’s PCE report.
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- Risk appetite extended across markets during the last session of the week, boosted by signs that inflation in the US may have peaked while consumer spending remained strong at the start of Q2, according to the April’s PCE report.
- Equity prices rose across the board, with the main indices recording the best week in several months. Elsewhere, sovereign bond yields eased modestly and the USD depreciated against its peers.
- In commodity markets, oil prices rose as signs of a tight market supported prices ahead of the US Memorial Day holiday weekend. EU leaders are holding a Summit today to debate the next round of sanctions against Russia.
- On the data front, the EU Commission releases its economic survey for May today. Investors will also focus on the flash inflation prints for May across Europe, starting with Germany and Spain today and the eurozone aggregate tomorrow. On Friday, the US payrolls report for May is published.