Daily Report

22 de Abril de 2024
Financial Markets | daily report 22.04.2024
  • Investors closed the week with a risk-off mood as they continued to eye communication from central bank officials and the tensions in the Middle East. On the latter, though, the attack suffered by Iran on Thursday night had a moderate effect on the price of the barrel of Brent in a sign that the conflict escalation seems to be controlled, for the moment.
  • Elsewhere, equities declined across the board, with the tech-heavy Nasdaq leading losses dragged by the information and communication sectors. Yields on sovereign bonds remained fairly stable in the US and in the euro area, where the ECB member Villeroy de Galhau suggested that higher oil prices should not deter a June rate cut.
  • This week the focus will be on the flash euro area Consumer Confidence for April (today), on April flash PMIs for the main advanced economies (Tue.), on the first estimate of Q1 GDP figures for the US (Thu.), where the nowcastings point to a 0.5%-0.7% q/q growth rate, and on March's PCE inflation figures (Fri.).