Daily Report

7 de Abril de 2025
Financial Markets | daily report 07.04.2025
  • Financial markets continued trading in an intense risk off mode during Friday's session, as investors assessed the potential consequences of China retaliating on US tariffs, enacting duties of 34% on all US imports. In this context, flight to quality prevailed and sovereign bond yields fell on both sides of the Atlantic.
  • In equity markets, US stocks experienced further losses, with S&P 500 erasing all gains since April 2024, despite US job growth in March beating expectations, with nonfarm payrolls increasing by 228,000 jobs (135,000 expected). In the euro area, markets registered losses again, with Ibex closing 5.8% lower.
  • In currency markets, the dollar rose against major currencies after the Fed's chairman acknowledged tariffs' inflationary bias.
  • In commodities, both European gas reference prices and Brent oil prices fell substantially, with the latter reaching 66$/barrel, a price not seen since 2021.