Financial Markets Daily Report 22 marzo 2021
In the last session of the week, investors traded cautiously as they continued to weigh accelerating economic growth and inflation expectations for the US. In this context, the S&P 500 ticked down, the Nasdaq rose and euro area indices declined following previous' day losses in the US.
Contenido disponible en
- In the last session of the week, investors traded cautiously as they continued to weigh accelerating economic growth and inflation expectations for the US. In this context, the S&P 500 ticked down, the Nasdaq rose and euro area indices declined following previous' day losses in the US.
- In FX markets, emerging economies' currencies were mixed. The Turkish lira and the Brazilian real appreciated in the week its central banks raised interest rates by more than expected. Nevertheless, today the lira has erased previous gains and is weakening further as Recep Tayyip Erdogan decided on Saturday to fire the central bank chief, Naci Agbal.
- In Japan, the BoJ left its official interest rate unchanged at -0.10% but eased the fluctuation interval on the long-run interest objective around 0% from +/- 20pp to +/-25pp.
- This week the focus will be on March's flash PMIs (Wednesday) for the main advanced economies.