Financial Markets Daily Report 11 abril 2023
Investors started the week trading with a cautious approach, in a session characterized by low volumes due to Easter holidays (financial markets were closed in most European countries as well as in Australia and Hong Kong).
- Investors started the week trading with a cautious approach, in a session characterized by low volumes due to Easter holidays (financial markets were closed in most European countries as well as in Australia and Hong Kong).
- In the US, data released on Friday showed non-farm payrolls rose by 236.000 in March while the jobless rate ticked down to 3.5%. Following the report, investors raised their expectations for another 25 bp rate hike by the Fed in May.
- US Treasury yields were broadly unchanged on Monday after rising at the end of last week. In addition, US stocks were mixed while commodity prices were also little changed. In FX markets, the Japanese Yen depreciated against peers after BoJ’s new governor said the current monetary policy mix is appropriate.
- The focus this week will turn to the March CPI inflation in the US on Wednesday. In addition, the Fed (Wednesday) and the ECB (Thursday) will release the accounts of the March meetings.