Financial Markets Daily Report14 May 2021
Investor sentiment steadied in yesterday's session and markets halted a string of volatile sessions this week. U.S. stocks rebounded and European equities continued to advance. Earlier, Asian stocks had closed lower, dragged by the previous days' jump in volatility.
- Investor sentiment steadied in yesterday's session and markets halted a string of volatile sessions this week. U.S. stocks rebounded and European equities continued to advance. Earlier, Asian stocks had closed lower, dragged by the previous days' jump in volatility.
- U.S. sovereign yields declined as Fed Governor Christopher Waller said that they need "several more months of data" before considering changes to the monetary policy stance. In Europe, core sovereign yields were little changed while peripheral spreads nudged up.
- In FX markets, most currencies recovered some lost ground against the USD. In commodity markets, Brent oil prices dropped towards $67 as a key U.S. fuel pipeline resumed operations.
- Today the ECB will release the accounts of its April monetary policy meeting.