Global market trends closed the week with solid gains. A strong U.S. jobs report and renewed hopes over U.S.-China trade relations boosted sentiment. Equities rallied across the U.S., Europe, and Asia, supported by dovish central bank signals and rising risk appetite.
Global Market Trends – United States
Equities:
The S&P 500 posted its ninth straight daily gain, the longest winning streak since 2004. This rally was driven by strong tech earnings and better-than-expected April payroll data.
Bonds:
U.S. Treasury yields surged, with the 10-year yield hitting 4.31%. As a result, traders scaled back expectations for near-term Fed rate cuts.
Currency:
The U.S. Dollar Index dipped below 100, as investors processed the jobs data and awaited the Federal Reserve’s next move.
Global Market Trends – Eurozone
Equities:
The STOXX Europe 600 Index jumped nearly 2.8%, lifted by expectations of further ECB rate cuts and solid macro data across the region.
Bonds:
German 10-year bund yields dropped below 2.60%. This move reflected stronger safe-haven demand amid global trade tensions and weaker inflation.
Currency:
The euro advanced above 1.13, supported by dovish U.S. economic signals and improved confidence in the euro area.
Global Market Trends – United Kingdom
Equities:
UK stocks rose modestly. The FTSE 100 gained, supported by strong energy and consumer sector earnings.
Bonds:
The 10-year gilt yield held steady at 4.52%, as attention shifted to next week’s BoE rate decision.
Currency:
The British pound hovered near 1.3260, remaining strong thanks to stable data and increased risk appetite.
Global Market Trends – China
Equities:
Chinese shares rebounded, with the Shanghai Composite up 1.5%. The gains followed news of resumed U.S.-China trade talks and possible domestic stimulus.
Bonds:
China’s 10-year bond yield stayed below 1.65%, reflecting ongoing policy easing and a slow economic recovery.
Currency:
The yuan remained stable around 7.27, as markets awaited further policy direction and trade updates.
Global Market Trends – Japan
Equities:
The Nikkei 225 closed higher. Gains were fueled by the Bank of Japan’s decision to hold rates and reaffirm a dovish stance.
Bonds:
Japanese bond yields stayed near zero, as safe-haven flows continued.
Currency:
The yen held at 144.68, showing little change as yield spreads balanced risk sentiment.
EMEA Region Snapshot
Equities:
Romanian markets fell, following nationalist candidate George Simion’s victory in the first round of the presidential race. This sparked concerns over EU ties and fiscal direction.
Bonds:
Romania’s bond yields stayed elevated at 7.5%, weighed down by growing political risk.
Currency:
The Indian rupee extended gains, hitting a year-to-date high, driven by capital inflows and strong exporter demand.
Global Market Trends in Commodities & Crypto
Oil:
Crude oil dropped sharply, with WTI sliding 3.5% to just above $56, as demand fears returned.
Gold:
Gold prices stayed flat, balancing higher Treasury yields against geopolitical risks and central bank buying.
Bitcoin:
Bitcoin traded near $95,700, showing limited movement amid low volatility and a calm macro backdrop.
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