25 April 2019
Disappointing economic sentiment data in Germany (April's Ifo sentiment was 99.2, from 99.6 in March) led to a downbeat mood in euro area financial markets.
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Disappointing economic sentiment data in Germany (April's Ifo sentiment was 99.2, from 99.6 in March) led to a downbeat mood in euro area financial markets.
Benoît Cœuré, member of the executive Board of the ECB, said yesterday in an interview that he is not favorable of tiering the central bank negative interest rates.
As financial markets were closed in most euro area countries, yesterday's focus was in the U.S., where the main equity indices ticked up in the lowest trading session since November.
Europeanand Asian stocks advanced on the back of positive growth figures in China (see our assessment here) while U.S. stocks closed with a modest decline due to the release of mixed earnings results.
Market sentiment remained positive following a string of mostly positive earnings releases.
Markets started the week in a moderately positive note and sentiment pushed European stocks mildly upwards.
Investors ended the week in a positive note on the back of improving economic indicators in China.
Investor's sentiment improved on Thursday on the back of positive economic data in the U.S. (jobless claims decreased to a 49-year minimum).
The ECB reiterated that the slowdown in growth is driven mainly by global headwinds and temporary factors.
Investor's sentiment turned slightly pessimistic in yesterday's session as concerns on global growth and trade tensions between the U.S. and the EU reemerged. In this context, stock indices decreased in most advanced economies and yields on sovereign bonds edged down.