Financial Markets Daily Report15 March 2022
In the first session of the week, investors remained concerned about the developments in Ukraine and mounting inflationary pressures in advanced economies. Their expectation for a tighter monetary policy from the ECB and the Federal Reserve pushed interest rates up.
- In the first session of the week, investors remained concerned about the developments in Ukraine and mounting inflationary pressures in advanced economies. Their expectation for a tighter monetary policy from the ECB and the Federal Reserve pushed interest rates up.
- Yields on 10-year sovereign bonds increased in Germany and in the US, reaching levels not seen since late 2018 and 2019, respectively. Euro area peripheral spreads ticked down. In FX markets, the euro strengthened against most advanced economies' currencies and fluctuated above $1.09.
- Elsewhere, equities rose in Europe and decreased in the US, as investors expect a tighter monetary policy stance from the Federal Reserve in their two-day meeting that starts today. The price of the barrel of Brent declined towards $100 as investors received positively the modest advances in Ukraine-Russia diplomatic talks.