Financial Markets Daily Report 14 abril 2022
In yesterday's session, investors traded with mixed optimism as they continued to digest inflation data for the US, which might have peaked in March. On monetary policy, the Bank of Canada hiked rates by 50bp to 1% and said it would allow bonds to roll off as they mature. Today's focus will be on the ECB meeting.
- In yesterday's session, investors traded with mixed optimism as they continued to digest inflation data for the US, which might have peaked in March. On monetary policy, the Bank of Canada hiked rates by 50bp to 1% and said it would allow bonds to roll off as they mature. Today's focus will be on the ECB meeting (more details here).
- In this context, stock indices were mixed in Europe and rose in the US, particularly so the tech-heavy Nasdaq. In fixed-income markets, yields on sovereign bonds edged down in Germany and in the US. The 10-year Portuguese yield rose sharply due to a change in the Bloomberg reference.
- Elsewhere, safe-haven currencies, such as the US dollar, the Swiss franc or the Japanese yen, weakened against most of its advanced and emerging economies' peers. In commodity markets, oil and European gas prices rose in absence of advances in peace talks between Russia and Ukraine.