Daily Report

4 de Novembro de 2024
Financial Markets | daily report 04.11.2024
  • Investors ended the week in a slightly risk-on mood, as they did not to read too much into US employment data which showed a slowdown in job creation in October, disrupted by strikes in the aerospace industry and severe hurricanes.
  • Market attention was focused on tomorrow's US elections, and on Thursday's Fed and BoE meetings. Investors expect a 25bps cut in both cases although the odds of a cut for the BoE diminished after the government presented a new budget.
  • Long-term government bond yields rose on both sides of the Atlantic, albeit with greater strength in the US. Curves steepened and, in the eurozone, peripheral spreads widened. In the FX market, the euro weakened against its peers.
  • In the stock market, most developed market indices rose, with the largest tech-companies leading the gains in the US. In commodities, European natural gas prices fell on optimism of a deal for Azerbaijani gas to flow through Ukraine once a Russia-Ukraine transit agreement expires by year's end.