Daily Report

29 de Abril de 2024
Financial Markets | daily report 29.04.2024
  • Financial markets ended the week with a risk-on session following the release of the US PCE deflator, the Fed's preferred inflation measure, which came mostly in line with expectations at 2.7% yoy (+0.3% mom) up from 2.5% in the previous month. Furthermore, US personal spending data beat expectations advancing 0.8% in March vs 0.6% estimated.
  • In this context sovereign bond yields fell across the board. Euro area periphery spreads widened, as France's debt rating, which was reviewed on Friday, was left unchanged at Aa2 by Moody's and at AA- by Fitch, with stable outlook.
  • Equities rallied, supported by positive results from some tech giants, and the Ibex-35 stood out among euro area stock indices driven by the financial sector. Elsewhere, the yen extended its weakness, trading around 158 in its cross with the dollar, after the BoJ left rates unchanged in its monetary policy meeting last Friday.
  • This week, the focus will be on euro area Q1 GDP and April inflation, and the Fed's meeting on Wednesday.