Daily Report

7 de Janeiro de 2025
Financial Markets | daily report 07.01.2025
  • Investors started the first full week of trading of the year with a slightly higher risk appetite than at the end of December. In the eurozone, German government bond yields rose after December CPI came in above expectations, while peripheral spreads fell as the final December PMI reading surprised to the upside across the eurozone, but especially in the periphery.
  • In the US, Treasury yields rose on comments from some Fed officials that further rate cuts could come cautiously given labor market's resilience and somewhat persistent inflation. In the stock market, a rally in the US tech sector lifted indices worldwide, with European equities boosted by a report that Trump may soften his stance on tariffs, which he later denied.
  • In the FX market, these conflicting news on Trump's tariffs, as well as some mixed economic data (factory orders fell in November and the final December PMI reading surprised to the downside) left the dollar mostly lower against its major peers. In commodities, European natural gas prices fell on forecasts for milder weather next week.