Financial Markets Daily Report18 October 2022
In the first session of the week, investors' sentiment improved as sovereign interest rates declined in both sides of the Atlantic and amid better-than-expected corporate earnings releases in the US. Equity indices rose substantially across the board.
- In the first session of the week, investors' sentiment improved as sovereign interest rates declined in both sides of the Atlantic and amid better-than-expected corporate earnings releases in the US. Equity indices rose substantially across the board.
- In FX markets, the US dollar weakened against most advanced and emerging economies' currencies and the euro fluctuated above $0.98. In commodity markets, European natural gas prices continued to decline and reached a level not seen since June (below EUR 130/MWh).
- In the UK, the new finance minister Jeremy Hunt reversed most of the tax cuts presented previously by the Truss government and the two-year energy subsidy scheme will now be curtailed in April.
- Today the focus will be on the October Zew sentiment indicator for the euro area and Germany.