Daily Report

6 de Novembro de 2024
Financial Markets | daily report 06.11.2024
  • Investors traded in a mild risk-on mood on Tuesday as they awaited the results of the US elections. Government bond yields showed strong sensitivity to the tight race, with volatility persisting throughout the session. In the end, eurozone bond yields posted slight gains while the US Treasuries were mixed, with curves flattening on both sides of the Atlantic.
  • Equity investors were more focused on the macro front and equity indices across the Atlantic rose on a stronger than expected US ISM services reading for October, with a strong rebound in employment. Chinese indices had also risen earlier in the day after the head of the PBoC pledged to increase China's counter-cyclical monetary measures.
  • In the currency market, election uncertainty weighed on the USD, which weakened against its major peers, especially the euro. In commodities, oil prices rose on the back of a weaker dollar, expectations of a storm that could reduce oil production in the Gulf of Mexico, and persistent tension between Iran and Israel.