Daily Report

2 de Outubro de 2025
Financial Markets | daily report 02.10.2025
  • Markets seemed to shrug off the U.S. government shutdown in yesterday's session. Global stocks rose and U.S. sovereign yields declined amid weak U.S. labor market data. Euro area sovereign yields were little changed, and the euro held steady at $1.17. Gold also steadied after having rallied in the last few days.
  • In oil markets, the barrel of Brent continued to decline towards $65 as traders weighed higher stockpiles along the prospect that OPEC+ may raise production at a faster pace. EIA data released yesterday showed that U.S. commercial crude oil inventories had increased by 1.8 million barrels last week (but still stand about 4% below the 5 year seasonal average).
  • Euro area headline inflation rose to 2.2% yoy in September while core inflation remained at 2.3%. In the U.S., the ISM manufacturing advanced to 49.1 points in September (a 7 month high) while the private ADP employment report showed a 32k drop in payrolls in September (official non farm payrolls are due on Friday but could be delayed by the shutdown).