Daily Report

15 de Abril de 2024
Financial Markets | daily report 15.04.2024
  • Markets ended the week on a risk-off tone, with sovereign bond yields falling across the board, equities selling off, and the US dollar strengthening (to $1,06 against the euro), as geopolitical tensions rose in the Middle East and investors sought safe-haven assets. Brent rose above $90/barrel as worries about potential supply disruptions mounted.
  • In other macroeconomic events, Friday's reading of the University of Michigan consumer sentiment index in the US came in below expectations at 77.9 and lower than last month's 79.4. The survey's one-year and five-year inflation expectations increased to 3.1% and 3.0%, respectively.
  • This week, markets will be looking at any developments in the Middle East, and the main economic event will be the release of China's Q1 2024 GDP on Tuesday, which is expected to show the economy grew at 4.8% y/y, down from 5.2% in Q4 2023. Other data releases include March retail sales in the US and UK March inflation.