Financial Markets Daily Report 15 mayo 2023
In the last session of the week, investors’ expectations on additional interest rate hikes by the US Federal Reserve were seen as more probable. That, together with debt ceiling concerns and an increase of inflation expectations seen in the University of Michigan survey, pushed US Treasury yields higher.
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- In the last session of the week, investors’ expectations on additional interest rate hikes by the US Federal Reserve were seen as more probable. That, together with debt ceiling concerns and an increase of inflation expectations seen in the University of Michigan survey, pushed US Treasury yields higher.
- Elsewhere, stock indices edged lower in the US while increasing modestly in the euro area. In FX markets, the US dollar strengthened against most advanced and emerging economies’ currencies and the euro fluctuated below $1.09, a level not seen in the last month.
- This week the focus will be on the release of the European Commission forecasts (today), ZEW survey expectations for Germany and the euro area (Tue.) and on April retail sales and industrial production data for the US. Several central bank officials are scheduled to speak this week, including Christine Lagarde and Isabel Schnabel.