Daily Report

9 de Janeiro de 2025
Financial Markets | daily report 09.01.2025
  • Investor risk appetite eased slightly yesterday as government bond yields weighed on equities. In the eurozone, sovereign yields rose, curves flattened and peripheral spreads narrowed. Data released yesterday showed downside surprises in German retail sales and factory orders, and negative sentiment across the EU from the December EC's confidence indicators.
  • In the US, Treasury yields were unchanged. The FOMC minutes from the December meeting showed that Fed officials expect inflation to continue to cool towards 2%, albeit Trump's policies poise new risks, while Fed's Waller said yesterday that thepace of rate cuts through 2025 is uncertain.
  • Stocks fell across most of the world, with the US S&P500 eking out some small gains as the ADP report showed little change in US employment in December and traders await tomorrow's Non-Farm Payrolls report. In the currency market, the dollar rose on a report that Trump may be considering declaring a national emergency to raise tariffs through a presidential order.