Daily Report

4 de Outubro de 2024
Financial Markets | daily report 04.10.2024
  • Risk-off sentiment continued to dominate financial markets as tensions mounted in the Middle East. Oil prices rose 5%, with the Brent reference closing around $77/barrel, and the dollar strengthened.
  • On the macro front, the US ISM services index climbed to 54.9, its highest level since February 2023, another sign of the strength of the US economy. Sovereign bond yields rose as investors continued to weigh central banks' next steps and the state of the economy.
  • Global equity markets sold off. Euro area losses were led by French equities where sentiment continued to be weighed down by an uncertain fiscal outlook. In the US, stocks ended only slightly lower as they recouped early trading losses following the ISM report.
  • Today, all eyes will be on the US September employment report and on further developments in the Middle East.