Financial Markets Daily Report

Financial Markets Daily Report
12 April 2022

Investors started the week trading with a risk-off sentiment, still digesting the hawkish comments from the US Federal Reserve and ahead for March’s US CPI inflation data, to be released today.

FMDR
  • Investors started the week trading with a risk-off sentiment, still digesting the hawkish comments from the US Federal Reserve and ahead for March’s US CPI inflation data, to be released today.
  • In this context, yields on 10-year sovereign bonds rose in Germany and in the US to levels not seen since mid-2015 and early 2019, respectively. Euro area peripheral spreads narrowed.
  • In stock markets, volatility measured with the VIX index rose and most indices in advanced and emerging economies declined amid investor’s concerns on inflation and rising interest rates.
  • In commodity markets, the price of the barrel of Brent fell below the $100 threshold due to concerns that COVID-19 cases and mobility curbs in China might hurt oil demand in the coming months. Dutch TTF natural gas prices, the European reference, declined too.
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