Financial Markets Daily Report 11 September 2023
Investors ended the week on a cautious note: trading volumes were light and most asset prices were little changed. Sovereign bond yields were largely unchanged in the eurozone, while rising slightly in the US despite most Fed officials who spoke in recent weeks tended to lean towards a pause in the hiking cycle at the September meeting.
- Investors ended the week on a cautious note: trading volumes were light and most asset prices were little changed. Sovereign bond yields were largely unchanged in the eurozone, while rising slightly in the US despite most Fed officials who spoke in recent weeks tended to lean towards a pause in the hiking cycle at the September meeting.
- Major equity indices rose on Friday, but were unable to avoid a negative weekly performance. In the FX market, the euro was flat against the dollar, although the greenback strengthened against most other peers. In commodities, European natural gas prices rose due to the strike at an Australian LNG producer that began on Friday.
- On the global monetary policy front the focus this week will be on the ECB and PBoC meetings, both scheduled for Thursday. On the data front, the most important releases will be the US CPI for August, due on Wednesday; and US retail sales for August as well, due on Thursday.