Daily Report

2 de Dezembro de 2024
Financial Markets | daily report 02.12.2024
  • Investors traded in a risk-on mood on Friday amid thin trading in the US due to the Thanksgiving holiday. US Treasury yields fell, with market commentators pointing to mild optimism that Trump's tariff plans will be less radical following his selection of Scott Bessent as Treasury Secretary.
  • Eurozone government bond yields fell as November inflation data came in in line with expectations, confirming progress towards 2% despite a slight increase in the headline HCPI from October. Peripheral spreads fell as the market awaited the after-hours review of France's rating by S&P, which confirmed the country's stable outlook at AA-.
  • In the equity market, most developed market indices were higher. In the currency market, the dollar weakened against its peers, especially the yen, after a Tokyo inflation indicator surprised to the upside and BoJ's Ueda signalled concern that yen weakness could lead to higher prices. In commodities, oil prices fell as geopolitical concerns in the Middle East eased.