Financial Markets Daily Report09 abril 2024
In the first session of week, investors traded with an optimistic tone following the release of better-than-expected economic data in the euro area. In particular, the 2.1% m/m increase in Germany's industrial production in February hinted that one of the laggards in economic growth in the region for the past quarters might have bottomed out.
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- In the first session of week, investors traded with an optimistic tone following the release of better-than-expected economic data in the euro area. In particular, the 2.1% m/m increase in Germany's industrial production in February hinted that one of the laggards in economic growth in the region for the past quarters might have bottomed out.
- In this context, yields on sovereign bonds edged up on both sides of the Atlantic and the probabilities for a June rate cut in the ECB and the US Federal Reserve remained broadly unchanged (91% and 52%, respectively). Euro area equities rose modestly boosted, among others, by the real estate and energy sectors.
- Elsewhere, the price of the barrel of Brent eased towards $90 after Israel reduced its troops in Gaza and began a fresh round of ceasefire talks with Hamas. The US dollar weakened against most peers and the euro continued fluctuating within the $1.08-$1.09 range.