Daily Report

5 de Novembro de 2024
Financial Markets | daily report 05.11.2024
  • Investors started the week in a risk-off mood as polls showed a tight race in today's US presidential election, which could potentially delay the vote count for weeks. Government bond yields were mixed in the eurozone and fell in the US, especially the longer-dated references, as traders await this Thursday's Fed meeting.
  • In the FX market, the election uncertainty and US rates that fell comparatively more than eurozone ones weighed on the dollar, which weakened against the euro and other major peers. In the stock market, developed market indices fell across the board in a choppy session, as investors braced for potentially higher volatility after the US elections.
  • In commodities, oil prices rose on the back of OPEC+'s decision to postpone by one month a planned December production increase, and on an escalation of threats by Iran against Israel. The price of the European natural gas benchmark, the Dutch TTF, also rose as windless weather across north-western Europe increased demand.