Daily Report

5 de Dezembro de 2024
Financial Markets | daily report 05.12.2024
  • Euro area markets had a cautious session ahead of the no-confidence vote in France, approved late last night. Sovereign bond yields were mostly flat, and the region's main equity indices posted small gains. The euro was flat against its main peers, leaving its cross with the US dollar at 1.05.
  • In the US, the ISM services index dropped from 56 in October to 52.1 last month, and the ADP employment report showed private job gains moderated. Separately, Fed Chair Jerome Powell sent a more hawkish message, remarking the good shape of the US economy will allow the Fed to be "a little more cautious" in its path of interest rate cuts.
  • US Treasury yields ended lower after a choppy session, and the country's main equity indices all advanced, posting record highs, boosted by large-cap tech companies. Elsewhere, Brent prices fell to $72/barrel following a drop in US crude inventories.