Daily Report

3 de Outubro de 2024
Financial Markets | daily report 03.10.2024
  • Financial markets struggled to find a clear direction amid heightened geopolitical tensions in the Middle East. Oil prices had a volatile session, with the Brent reference touching $76/barrel in intraday trading, to close at around $74/barrel. Equity markets closed with slight losses in the euro area and flat in the US, while the volatility index remained elevated.
  • On the macro front, the US ADP report showed private payrolls increased last month, by even more than anticipated, easing fears of a deteriorating labor market. Sovereign bond yields rose on the back of these news, reversing yerderday's movements.
  • In currency markets, the US dollar gained some ground to the euro, leaving the cross trading around 1.10.
  • Today, investors will be looking to the ISM services index in the US for further clues on the strength of the economy, as they await the full employment report tomorrow.