Daily Report

30 de Abril de 2024
Financial Markets | daily report 30.04.2024
  • Investors traded cautiously in yesterday's session as they await key economic releases this week, including euro area 1Q GDP (today), which is expected to show the economy grew 0.2% yoy, euro area April inflation (today) expected to stay at 2.4% yoy, and the Fed's FOMC meeting tomorrow, where markets anticipate no changes to the Fed's target rate.
  • In this context, sovereign bond yields fell across the board, most notably in euro area periphery countries as risk premia continued to contract. Equities on the other hand were mixed, posting small advances in the US supported by a strong earnings season so far, while euro area indices mostly posted small declines.
  • Elsewhere, oil prices eased to $88/barrel of Brent as tensions in the Middle East remain contained for now. The US dollar was slightly weaker, leaving its cross against the euro at $1.07 and with the yen at 156 yen/dollar.
  • Yesterday, data confirmed inflation in Spain rose to 3.3% in April, up from 3.2% in March, as widely expected.