Financial Markets Daily Report 30 abril 2021
Markets went through a mixed session as investors digested solid U.S. activity figures. U.S. GDP growth accelerated to +1.6% qoq in Q1 2021 (Q4 2020: +1.1%) on the back of stronger private consumption (+2.6% qoq), which found support on easing restrictions and fiscal stimulus. U.S. stocks advanced and yields on Treasuries nudged up.
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- Markets went through a mixed session as investors digested solid U.S. activity figures. U.S. GDP growth accelerated to +1.6% qoq in Q1 2021 (Q4 2020: +1.1%) on the back of stronger private consumption (+2.6% qoq), which found support on easing restrictions and fiscal stimulus. U.S. stocks advanced and yields on Treasuries nudged up.
- Elsewhere, stock markets were mixed, Brent oil prices rose and the USD appreciated modestly.
- European stocks declined moderately, and euro area sovereign yields rose across peripheral and core countries after a few country-level CPI figures showed an increase in headline inflation in April (eg.: Germany's at 2.0% yoy, Spain's at 2.2%, mostly driven by base effects in energy prices).
- Today the focus will be on the release of GDP and inflation figures in the main euro area economies. Data already released this morning showed a +0.4% qoq increase in France's Q1 GDP (still 4.4% below its prepandemic level).