Financial Markets Daily Report

Search

European stocks rose across the board as investors started the session in a positive mood.

Stock markets rose across advanced and emerging economies as investors started an eventful week (Fed and BoE monetary policy meetings, brexit developments, an EU summit and key activity indicators) in a positive mood.

In the last session of the week, stocks rose across the board sparked by news from China.

Global stock markets were mixed as news that Presidents Donald Trump and Xi Jinping won't be meeting at least until next month weighed on sentiment.

Advanced-economy stocks rose across the board as investors found support on positive indicators both in the U.S. (a solid +0.8% mom increase in capital goods orders in January and muted price pressures according to the producer price index, which rose +0.1% mom in February) and the Eurozone (industrial production +1.4% mom in January).

Investors traded cautiously in a session in which U.S. stocks advanced moderately as roughly stable inflation figures support the Fed's patient approach to monetary policy.

Markets set off on a positive mood as they started to recover from last week's losses and stocks rose across the board.

Stocks declined across the board on Friday as downbeat activity figures in the U.S. (nonfarm payroll employment +20,000 in February after +311,000 in January) and China (export growth dropped from 9.1% yoy in January to -20.7% in February) added to the OECD and the ECB's downgraded macroeconomic projections earlier in the week.

In yesterday's session, financial markets awaited cautiously for the ECB monetary policy statement and Draghi's press conference, where the ECB President explained that growth projections for this year were revised 0.6 pp downwards to 1.1%.

Stock indices were mixed as financial markets digested the downward revision of global growth forecasts from the OECD and the downbeat economic releases in the US (2018's trade deficit, the largest since 2008, and ADP employment report slightly below consensus).

Investors operated in a cautious mood as they await for concrete news on the US - China trade negotiations and tomorrow's ECB press conference.

Financial markets started the week with less optimism than in the previous sessions, despite the positive comments around the U.S. - China trade negotiations.