Daily Report

9 de Outubro de 2024
Financial Markets | daily report 09.10.2024
  • Financial markets had another mixed session on Tuesday, with little in the way of data releases to guide investors. In the money market, interbank rates moved higher on both sides of the Atlantic as investors reassessed their expectations for central banks' policy. Fed officials speaking yesterday stressed the importance of a cautious Fed in achieving its twin target.
  • Government bond yields were broadly lower on both sides of the Atlantic. On the data front, yesterday's US foreign trade figures for August showed record exports resulted in a narrow deficit for the month. In the eurozone, German industrial production for August surprised to the upside, although the sector remains in the doldrums.
  • Equity markets were mixed around the world, mostly lower in the eurozone and higher in the US, driven by large-cap technology companies, with volatility falling sharply. In the currency market, the dollar was flat against its peers. In commodities, oil prices fell on concerns about the effectiveness of the Chinese stimulus to boost the economy.