Daily Report

9 de Dezembro de 2024
Financial Markets | daily report 09.12.2024
  • Financial markets ended the week on a mixed note. In the US, November payrolls data showed that employment grew slightly more than expected (with October data revised upwards), but unemployment rose by 0.1% to 4.2% and wage growth accelerated slightly. Treasury yields fell and the probability of a -25bp cut by the Fed in December rose to 90%.
  • In the eurozone, government bond yields were flat, while on the data front, German industrial production for October surprised on the downside, falling -1.0% from September. In equity markets, indices were mixed in Europe and Asia but rose in the US, with the S&P 500 and Nasdaq hitting new highs.
  • In the currency market, the dollar strengthened in choppy trading, while in the crypto market, Bitcoin rose above $100,000. In commodities, crude oil prices fell despite OPEC+'s decision on Thursday to delay planned production increases, as analysts forecast weak Chinese demand in 2025 and swelling production from North American countries.