The National Bank of Serbia published its weekly overview of global financial market developments for 30 March to 3 April 2026. It links pronounced cross-asset volatility to shifting expectations around the conflict in the Middle East, with the euro ending marginally stronger against the US dollar and core government bond yields in the United States and Germany moving lower over the week. EUR/USD closed at 1.1519, up 0.05% on the week, after trading between 1.1443 and 1.1627. The two-year and ten-year US Treasury yields fell to 3.84% and 4.35%, while the German two-year and ten-year yields declined to 2.61% and 2.99%. Equity indices advanced in the United States and Europe, including a 3.36% rise in the S&P 500 and a 4.44% rise in the Nasdaq, while gold increased 4.23% to USD 4,676.76/oz and Brent crude fell 3.14% to USD 109.03/bbl. Key data releases cited included US non-farm payrolls growth of 178,000 in March and preliminary March inflation of 2.5% in the euro area and 2.8% in Germany. For selected developing markets, the report notes steadier conditions at the start of April, with Central and Eastern European currencies broadly stable or stronger against the euro and local-currency government bond yields easing, and cites Romania’s sale of EUR 1.2bn of foreign exchange reserves in March to prevent the leu from weakening. It also lists the next National Bank of Serbia policy rate meeting for 9 April 2026.
National Bank of Serbia 2026-04-08
National Bank of Serbia reports euro edged up as gold gained 4.23% and Brent oil fell 3.14%
The National Bank of Serbia published its weekly overview of global financial market developments for 30 March to 3 April 2026, highlighting elevated cross-asset volatility linked to shifting expectations around the Middle East conflict. The report notes a marginally stronger euro against the US dollar, lower core government bond yields in the United States and Germany, rising US and European equity indices, higher gold prices and lower Brent crude prices, alongside key US labour and euro area inflation data. It also observes steadier conditions in selected developing markets, including broadly stable or stronger Central and Eastern European currencies and easing local-currency bond yields, and records Romania’s EUR 1.2bn foreign exchange reserves sale in March to support the leu.