US Treasury yields moved higher across the curve and the dollar strengthened broadly. In Europe, sovereign yields were little changed overall, although peripheral debt outperformed Bunds. Equity markets traded mixed, with European indices closing lower while US stocks rebounded from the previous session’s sharp sell-off, supported by gains in technology shares.
In commodity markets, oil prices posted modest gains amid renewed reports of a possible diplomatic opening between the US and Iran, although ongoing tensions in the Middle East continued to provide support to crude prices. Meanwhile, European gas prices declined sharply, with TTF natural gas falling around 5% and closing below €90/MWh.
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Source: www.caixabankresearch.com
