Financial Markets Daily Report 12 maig 2021
Volatility rose and stocks sold off as investors focused on the outlook for supply shortages and inflation. Stock market losses were widespread across sectors and countries while commodity prices advanced, the USD weakened, and U.S. sovereign yields nudged up.
Contingut disponible en
- Volatility rose and stocks sold off as investors focused on the outlook for supply shortages and inflation. Stock market losses were widespread across sectors and countries while commodity prices advanced, the USD weakened, and U.S. sovereign yields nudged up.
- Euro area sovereign yields jumped across core and peripheral countries as the Zew expectations index pointed at a strong improvement in German investor sentiment in May (to 84.4 points from 70.7). Peripheral spreads were unchanged. In separate remarks, several ECB officials reiterated their commitment to a lasting easy policy stance.
- Data released yesterday showed that Chinese producer inflation had jumped to a 3-year high in April (to 6.8% yoy from 4.4%). Today the focus will be on the release of U.S. CPI inflation figures for April as well as on the European Commission's presentation of its updated macroeconomic projections.