Financial Markets Daily Report 12 abril 2021
Markets closed the week with a mixed session on Friday. A jump in U.S. producer price inflation (+4.2% yoy in March after +2.8% in February) led to a steepening of global sovereign yield curves and a mixed performance in most stock markets (with the exception of the U.S., where equities posted a third-straight weekly rally).
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- Markets closed the week with a mixed session on Friday. A jump in U.S. producer price inflation (+4.2% yoy in March after +2.8% in February) led to a steepening of global sovereign yield curves and a mixed performance in most stock markets (with the exception of the U.S., where equities posted a third-straight weekly rally).
- Euro area sovereign yields rose both in core and peripheral economies but peripheral spreads were little changed. The euro fluctuated around $1.19.
- In FX markets, the USD strengthened against most advanced and emerging economy currencies. Commodity markets were also mixed and the main commodities suffered mild price declines.
- This week the focus will be on U.S. CPI inflation figures for March (final European estimates will also be published) as well as on retail sales and industrial production data in several advanced economies.