Daily Report

10 de Outubro de 2024
Financial Markets | daily report 10.10.2024
  • Wednesday saw another mixed session in the financial markets ahead of today's US inflation report. Government bond yields rose slightly in the eurozone and more sharply in the US. The move in the eurozone came as some ECB officials expressed doubts about a rate cut in October, which had so far been favoured by most of the bank's officials who spoke.
  • In equity markets, indices rose across the board on both sides of the Atlantic, with US equities supported by the minutes of the Fed's September meeting, which showed that a large majority of FOMC members supported the large 50bp cut. Chinese equities fell after strong pre-Golden Week holiday gains and despite rumours of further fiscal stimulus.
  • In the currency market, the dollar strengthened against its major rivals. In commodities, oil fell slightly on renewed concerns over Chinese demand and as US data showed rising crude inventories. However, supply disruptions due to geopolitical tensions in the Middle East and Hurricane Milton in the US limited the fall.