Daily Report

7 de Fevereiro de 2025
Financial Markets | daily report 07.02.2025
  • A relative sense of caution prevailed in the US stock market, ahead of corporate earnings and January’s jobs data, while stocks edged up in the eurozone.
  • Eurozone debt saw little change. U.S. Treasury yields were mostly higher except for the longer end of the curve. The Treasury Secretary, Scott Bessent, said the Trump administration is focused on bringing down borrowing costs in 10 year Treasury yields, rather in than the Fed’s short term reference. The Bank of England cut interest rates by 25 bps to 4.50%, a 19 month low, and warned of slower economic growth and faster inflation.
  • Today, January employment data will be released in the US. It is expected that US nonfarm payrolls could show a slowdown in hiring in an otherwise robust labor market. The consensus expects that 170,000 jobs were added (vs 223,000 in December) and the unemployment rate will hold steady at 4.1%.