Daily Report

23 de Abril de 2024
Financial Markets | daily report 23.04.2024
  • Investors started the week trading cautiously as they await for key economic data releases (such as the Q1 GDP figures for the US on Thursday or today's April flash PMIs) and for the corporate profits of 180 S&P500 companies, which represent about 40% of the index market capitalization (including five of the “Magnificent Seven”).
  • In this context, yields on sovereign bonds edged lower in the US and, particularly, in the euro area periphery where risk premiums declined by 7bp in Italy and more modestly in Spain and Portugal. In equity markets, stock indices rose across the board with the information technology and financial sectors leading the advances in the US.
  • Elsewhere, the euro remained fairly stable against most advanced and emerging economies' currencies and fluctuated below $1.07 against the US dollar. The price of Brent oil eased modestly towards $87 per barrel as Middle East tensions are not escalating further.