17 October 2018
Global financial markets were in a positive mood in yesterday's session.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
In the last session of the week, the mood was disparate in both sides of the Atlantic. In Europe, losses in the main stock markets were moderate and broad-based, while in the U.S., the S&P 500 bounced back from the losses registered on previous days.
Volatility spiked amid fears that U.S.-China trade tensions may have damaged Q3 corporate earnings.
Global financial markets continued to trade on a cautious mood and U.S. and emerging-economy stocks nudged down.
Global risk aversion and tensions around Italy's fiscal stance continued to drive financial markets.
Stock markets declined across the board in the last trading session of the week, while in fixed-income markets U.S. and German sovereign yields ticked up and Italy's sovereign spread rose to 285bp.
In yesterday's session, global stock markets undid the gains registered on the previous day and losses were broad-based across the globe.
Stock markets had a positive tone and gains in equity indices were broad-based across advanced and emerging economies.
Yesterday's session was once again dominated by the uncertainty around the 2019's Italian fiscal deficit. In this context, the Italian risk premium continued to rise and exceeded the maximums reached in May (above 300bp).