Financial Markets Daily Report 18 octubre 2022
In the first session of the week, investors' sentiment improved as sovereign interest rates declined in both sides of the Atlantic and amid better-than-expected corporate earnings releases in the US. Equity indices rose substantially across the board.
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- In the first session of the week, investors' sentiment improved as sovereign interest rates declined in both sides of the Atlantic and amid better-than-expected corporate earnings releases in the US. Equity indices rose substantially across the board.
- In FX markets, the US dollar weakened against most advanced and emerging economies' currencies and the euro fluctuated above $0.98. In commodity markets, European natural gas prices continued to decline and reached a level not seen since June (below EUR 130/MWh).
- In the UK, the new finance minister Jeremy Hunt reversed most of the tax cuts presented previously by the Truss government and the two-year energy subsidy scheme will now be curtailed in April.
- Today the focus will be on the October Zew sentiment indicator for the euro area and Germany.