Daily Report

21 de Maio de 2025
Financial Markets | daily report 21.05.2025
  • Investors traded cautiously during yesterday's session. Concerns over the US debt rating downgrade continued to weigh on US assets, driving long term Treasury yields higher and US stocks lower, with the S&P 500 ending six straight sessions of gains. Hawkish remarks from Fed officials further dampened sentiment.
  • In the euro area, sovereign bond yields were mostly flat and the region's main equity indices advanced, with the Spanish Ibex 35 and the Portuguese PSI 20 leading the session's gains. President Trump held a phone conversation with Putin and claimed that Russia and Ukraine will agree to a ceasefire very soon.
  • Elsewhere, the People's Bank of China cut its lending interest rates by 10bp, taking the one year loan prime rate to 3.0% and the five year rate to 3.5%, while major state banks lowered deposit rates, as the country’s authorities seek to support activity amid trade tensions between China and the US.