Daily Report

27 de Junho de 2022
Financial Markets | daily report 27.06.2022
  • In the last session of the week, investors' sentiment improved amid optimistic comments by central banks' officials and a revision in US inflation expectations data by the University of Michigan.
  • Fed official James Bullard said that concerns about a US recession are overblown while arguing that it is important to front load rate hikes to return inflation back to the 2% path. In the euro area, Christine Lagarde told at the Euro summit that the ECB will take the required steps to tame high inflation.
  • In this context, stock indices rose across the board and sovereign yields edged up in both sides of the Atlantic. Euro area peripheral spreads widened and the euro strengthened modestly, trading above $1.05.
  • This week the focus will be on June's inflation and May's unemployment rate for the euro area. Today, the ECB will hold its annual forum on Sintra, Portugal.