Daily Report

8 de Novembro de 2024
Financial Markets | daily report 08.11.2024
  • Investor risk appetite remained fairly high as the US election results were digested. The Fed cut rates by 25bps yesterday as expected (as did the BoE) noting an easing labour market and robust economic growth. Investors regarded the rise in US jobless claims last week as due to hurricane disruptions. Treasury yields fell, reversing some of the previous day's moves.
  • In the eurozone, government bond yields rose and peripheral spreads tightened, as the German chancellor called a confidence vote in January. Data showed German exports and industrial production fell more than expected in September.
  • In equity markets, most equity indices across the globe rose, with the Nikkei as an exception, on concerns about US tariffs. US indices hit record highs across the board, and Chinese indices rose on hopes of a new round of stimulus.
  • In the FX market, the dollar weakened against its peers on the Fed's decision, giving back some of its post-election gains. In commodities, oil rose as US drillers cut production as a new hurricane approaches the Gulf of Mexico.