Financial markets were mixed during yesterday's session. In the US, sovereign bond yields decreased, reaching a three
week low as investors gained confidence the US Administration is searching for a tariff de escalation through trade deals. In the
euro area, sovereign yields increased, despite ECB officials warning uncertainty due to a trade war will bring lower growth.
In equity markets, US stock markets traded sideways, and closed the session nearly unchanged, ahead of key economic data
releases and Q1 earnings from some of the largest US companies. In the euro area, stock markets edged higher, with Spanish
Ibex 35 leading the gains, despite being hit by a nationwide power outage.
In currency markets, the dollar depreciated against other major currencies, as investors wait for hard economic data to be
released, which may provide some indication on the magnitude of the effects of US trade war. In commodities, Brent oil
prices fell as markets worried about global aggregate demand lowering as tariffs effects unfold.