Daily summary: Quiet end of the week

• US producer prices rise more than forecast
• China's producer prices highest since 2018
• European stocks book 6th week of gains

The final session of the week did not bring any major moves in the stock market. The main stock indices in Europe finished today's session in mixed moods. Still European shares booked a sixth consecutive week of gains, their longest weekly winning streak since November 2019. On the one hand, investors hope that the massive fiscal and monetary support and the rollout of vaccines will translate into an economic rebound, and on the other, they fear rising inflation. On the data front, industrial activity in the Eurozone's largest economies, including Germany and France, contracted sharply in February. The German DAX stock index gained just 0.2% today, while the French CAC40 added 0.06% and the London FTSE100 closed 0.38% lower.

Also mixed sentiment prevails on Wall Street today. The market bulls struggle with the continuation of the upward movement, which can be explained by the higher US 10-year bond yields. In recent days, yields have started to rise again to 1.68% amid inflation concerns. The data from China showed the highest increase in production prices since 2018, and the data from the US also exceeded expectations (4.2% YoY against market expectations of 3.8% YoY). Nevertheless, as the Fed emphasized in its last statement, higher inflation should be temporary and investors should not worry about this fact. Looking at individual indices, both Dow Jones and S&P500 add 0.3% and hit intraday records, while the Russell 2000 fell 0.3% and the technological Nasdaq hovers around yesterday's close.

WTI oil fell 0.55% and is trading around $59.25 a barrel, while Brent is trading 0.4% lower, slightly below $63.00. Elsewhere fell 0.65% to $ 1,744.00 / oz, while silver is trading 0.7 % lower around $ 25.25 / oz as US Treasury yields continued to retreat from more than 1-year highs while the dollar index remained close to 2-week lows.