Daily Report

3 de Dezembro de 2024
Financial Markets | daily report 03.12.2024
  • Political tensions in France took center stage during yesterday's session after far-right and far-left parties submitted noconfidence motions against Prime Minister Barnier, risking the collapse of the current government. French government yields rose, its risk premium widened further, and the euro sold-off to 1.05 against the dollar.
  • Elsewhere in the euro area, sovereign bond yields edged lower and most stock indices advanced.
  • In the US, monetary policy expectations guided sentiment. Remarks from Fed Governor Waller suggesting he would support an additional cut in the Fed's upcoming December meeting, rose the probability of a cut implied by futures markets to 75%, and brought down Treasury yields from early session highs.
  • This week's focus will be on the US ISM indices, and the jobs report for November, beginning with JOLTS job openings released today. In the euro area: PMI indices for Spain and Italy.