Investors remained cautious on Friday in an uncertain global political environment. Eurozone government bond yields were
flat, although peripheral spreads widened slightly. US Treasury yields were also slightly higher, with curves flattening, aft er
the Fed's Powell said that tariffs could fuel inflation but that the economy was fine so the Fed should remain cautious.
In the equity market, US stocks rose on Powell's comments, although they were weighed down by the non
farm payrolls report, which showed that job creation picked up in February, albeit below expectations. In the eurozone, most indices fell
on uncertainty over trade and interest rates. Asian equities also fell on uncertainty over US tariffs and a weaker dollar.
In the currency market, the euro strengthened against its major peers, especially the USD. In commodities, European natural
gas prices rebounded but still recorded a week of heavy losses on expectations of easing supply constraints.
This week's focus will be on the US CPI report due on Friday.