Daily Report

2 de Setembro de 2025
Financial Markets | daily report 02.09.2025
  • Markets had a muted reaction to a U.S. federal appeals court which ruled 7-4 that tariffs imposed under the IEEPA exceed congressional authority, affecting general bilateral tariffs but not sector specific ones. The tariffs remain in place until October 14 while parties may seek Supreme Court review.
  • U.S. financial markets closed in observance of the Labor Day holiday, and without any relevant macro data releases to trade on, euro area sovereign yields edged higher with peripheral risk premia stable. Last week, S&P upgraded Portugal's credit rating to A+. The region's main stock indices advanced, led by gains in Portugal. The EUR/USD cross traded around 1.17.
  • This week, investors will be attentive to a string of macro data releases, beginning today with euro area inflation for August. On Wednesday, the Fed's Beige Book will be released, followed on Thursday by U.S. ADP private employment data, ending on Friday with the U.S. employment report for August, which will be key for monetary policy expectations.