Financial Markets Daily Report27 maig 2021
Investors continued to trade with a risk-on mood on Wednesday, easing worries about rising inflation and shrugging off hawkish signals sent by some Fed officials throughout the week, including Fed Vice Chair for supervision Randal Quarles. Equity markets rose modestly, led by tech stocks, while volatility receded.
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- Investors continued to trade with a risk-on mood on Wednesday, easing worries about rising inflation and shrugging off hawkish signals sent by some Fed officials throughout the week, including Fed Vice Chair for supervision Randal Quarles. Equity markets rose modestly, led by tech stocks, while volatility receded.
- In the bond market, U.S. 10-year Treasury yields remained contained around the lowest levels since mid-March. In Europe, sovereign spreads tightened after remarks by ECB Executive Board Member Fabio Panetta about the need to avoid a premature reduction of asset purchases. Economic sentiment data for France also surprised to the upside.
- On the economic calendar today, the key data to watch are the second release of the U.S. Q1 GDP and the April’s report on durable goods orders. In Europe, ECB VP Luis de Guindos and ECB Executive Board Member Isabel Schnabel are due to deliver speeches today.