Daily Report

7 de Novembro de 2024
Financial Markets | daily report 07.11.2024
  • Investor's mood all over the world was driven by Trump's victory in the US election, which was larger than expected and avoided uncertainty and volatility in financial markets. Trump's economic plans, which could boost the US economy in the short term, but reduce potential growth and create inflation in the long term, shaped investor's reaction.
  • Government bond yields rose in the US and fell in the eurozone, with curves steepening in both economies, and widening peripheral spreads in the eurozone. In equity markets, US indices rallied to close at record highs, while European indices fell,as Trump's tariff plans could negatively impact the EU, which remains an open economy dependent on global trade.
  • In the FX market, the dollar strengthened strongly against its peers. The yen and the euro fell the most while EM currencies experienced high volatility and the largest Latin American currencies had reversed heavy losses by session's end. In commodities, oil prices fell on hopes of increased US supply and industrial metals fell on concerns about Chinese demand.