Daily Report

7 de Outubro de 2024
Financial Markets | daily report 07.10.2024
  • Financial markets experienced a risk-on session on Friday as the US employment report for September came in better than expected, shrugging off geopolitical concerns. The strength of the labour market underlined the dynamism of the economy and eased pressure on the Fed to cut interest rates more aggressively to support the economy.
  • Government bond yields rose on both sides of the Atlantic, particularly on the short end, with curves flattening. In the eurozone, peripheral spreads narrowed. In the stock market, major indices around the world, from developed and emerging markets, posted gains.
  • In the currency market, the dollar strengthened against its peers (most notably against the yen), ending a week of strong gains. In commodities, oil pared gains after President Biden tried to dissuade Israel from attacking Iranian oil fields and despite continued bombing in Lebanon.