Daily Report

Correction session for the markets, characterised by nervousness ahead of the looming tariff threat on April 2nd, as
referenced by central banks, and an upcoming corporate earnings season that may begin to reflect these concerns in
companies' forecasts

In the eurozone, stock markets saw broad based declines after remarks from Christine Lagarde, who warned about the
negative impact of tariffs on GDP and inflation. Additionally, the Bank of England held interest rates at 4.5%, citing ongoin g
trade and geopolitical uncertainty. In the US, equities closed with slight losses, while Treasuries maintained a positive ton e
following the Fed meeting, with markets pricing in expectations for two rate cuts before the end of the year. The dollar
appreciated against other major currencies.

Today, the key macroeconomic focus will be the release of the preliminary March eurozone consumer confidence data.