Financial Markets Daily Report 09 February 2022
In yesterday's session, investors' sentiment remained cautiously optimistic, with the focus still on the pace of monetary policy tightening in advanced economies, corporate results (in the US, 76% of the companies that have released their profits have beaten consensus estimates) and geopolitical developments.
- In yesterday's session, investors' sentiment remained cautiously optimistic, with the focus still on the pace of monetary policy tightening in advanced economies, corporate results (in the US, 76% of the companies that have released their profits have beaten consensus estimates) and geopolitical developments.
- In this context, stock indices rose across the board, with investor taking advantage of the previous day's decline in the US and the financial sector leading the gains in Europe. In fixed-income markets, sovereign yields continued to increase in both sides of the Atlantic and euro area peripheral spreads widened.
- In commodity markets, the price of the barrel of Brent edged down as the resumption of talks between US and Iran on a nuclear deal could lead to higher oil exports. European gas prices edged down to 77€/MWh. In FX markets, the euro weakened against most advanced and emerging economies' currencies and fluctuated above $1.14.