Financial Markets Daily Report10 April 2024
In yesterday’s session investors traded with a cautious mood as they await key US CPI data to be released this afternoon. Bloomberg consensus expects the headline and core indices to increase by 0.3% m/m, leaving the y/y rate at 3.4% and 3.7%, respectively.
- In yesterday’s session investors traded with a cautious mood as they await key US CPI data to be released this afternoon. Bloomberg consensus expects the headline and core indices to increase by 0.3% m/m, leaving the y/y rate at 3.4% and 3.7%, respectively.
- In this context, sovereign bonds yields declined markedly on both sides of the Atlantic, and equities registered moderate losses in the euro area. In the US, though, the real estate sector pushed up the stock indices, which managed to close slightly in green.
- Elsewhere, the price of the barrel of Brent fell below $90 as talks for a cease fire in Gaza continued, increasing the probability of a de-escalation of the conflict. In FX markets, the US dollar weakened against most currencies and the euro continued to fluctuate below $1.09.