Daily Report

18 de Maio de 2022
Financial Markets | daily report 18.05.2022
  • Risk appetite returned to the fore on Tuesday, as “buy-the-dip” movements and solid economic data provided some comfort to investors’ sentiment, easing worries of an economic recession. 
  • In the US, retail sales surprised to the upside after rising by 0.9% m/m in April, suggesting the recovery in consumer spending remains firm despite the jump in inflation. Industrial production also went up by 1% m/m. In the eurozone, Q1 GDP growth was revised up by 0.1pp to 0.3% q/q.
  • In this context, sovereign bond yields resumed its upward trajectory, rising more strongly in the short end of the curve. Stocks also picked up notably, while the USD depreciated against its peers, rising above 1.05 against the EUR.
  • The key data releases today are the final HICP report for April in the eurozone and the Q1 GDP for Russia, after the release of Q1 GDP for Japan (-0.2% q/q after +0.9% q/q in Q4 2021).