Financial Markets Daily Report 01 April 2022
In the last session of Q1, investors traded with a pessimistic tone amid rising inflationary concerns and mixed signals coming from the war in Ukraine. In addition, economic sentiment data in China worsened (manufacturing and services PMI declined in March below the 50 threshold).
- In the last session of Q1, investors traded with a pessimistic tone amid rising inflationary concerns and mixed signals coming from the war in Ukraine. In addition, economic sentiment data in China worsened (manufacturing and services PMI declined in March below the 50 threshold).
- Stock indices declined across the board while yields on 10-year sovereign bonds edged down in the euro area. In the US, the Treasury yield curve continued to flatten and the spread between the 10 and 2-year bonds narrowed.
- In energy markets, Brent prices declined as US President Biden announced the largest ever release from the US Strategic Petroleum Reserve. European gas prices increased.
- Today, the focus will be on euro area inflation figures for March (which is expected to increase from the 5.8% registered in the previous month) and the US employment report.