Daily Report

4 de Dezembro de 2024
Financial Markets | daily report 04.12.2024
  • Investors traded cautiously amid political tensions in France, where lawmakers are set to vote today on no-confidence motions. Euro area sovereign bond yields edged lower, and France's risk premium narrowed to 85bp after reaching 88bp in the previous session. The region's main stock indices advanced slightly, and the euro held steady at 1.05 against the dollar.
  • In the US, job openings increased in October (implying a ratio of vacancies-to-unemployed of 1.1), while layoffs dropped, suggesting the labor market is not cooling abruptly. The report left expectations of a rate cut at the Fed's December meeting unchanged, at a 75% probability. Treasury yields edged higher at the long end of the curve.
  • In commodities, Brent oil prices rose 2.5% as Israel threatened to attack Lebanon if its ceasefire with Hezbollah collapses. Elsewhere, political tensions are mounting in South Korea, where the government declared martial law late last night, only to reverse the order early this morning. Stocks are trading lower across South Korea, Japan, and China.