Financial Markets Daily Report12 abril 2023
A session with mixed results across markets on Tuesday, as investors returned from the Easter holiday and took position ahead of the March inflation report in the US today. The Fed also releases the account of its March meeting.
Contingut disponible en
- A session with mixed results across markets on Tuesday, as investors returned from the Easter holiday and took position ahead of the March inflation report in the US today. The Fed also releases the account of its March meeting.
- In its updated World Economic Outlook, the IMF left its global growth baseline broadly unchanged, forecasting a global GDP expansion of 2.8% this year and 3.0% next year, 0.1 pp lower than the previous estimates. Global inflation is also expected to decrease, although more slowly than initially estimated.
- In this context, sovereign bond yields rose, more notably in Europe, while equity indices closed with modest gains in most trading floors, except for the IBEX 35, which was dragged down by the banking sector.
- Elsewhere, the USD depreciated against peers, trading above 1.09 against the EUR. Commodity prices also went up, more notably for sugar, which has risen to the highest level since 2011 on mounting worries about tight supplies.