Daily Report

10 de Dezembro de 2024
Financial Markets | daily report 10.12.2024
  • Investors kicked-off the week on a cautious note as they await the ECB's Governing Council meeting (on Thursday), widely expected to lower interest rates by 25bp, and US inflation figures for November (released on Wednesday), a key report for the Fed's decision next week.
  • In this context, sovereign bond markets were mixed. In the euro area, yields were mostly flat. In the US, Treasury yields slightly rose after the NY Fed's consumer expectations survey showed an uptick in inflation expectations. Equity markets were mixed in the euro area and ended lower in the US, weighed down by large-cap tech stocks.
  • Elsewhere, the euro was flat against the dollar, still trading around 1.05, as political tensions in the region have not yet dissipated. In commodities markets, oil prices rose, with the barrel of Brent up almost 1.5%, as tensions in the Middle East escalated following the fall of Syrian President Bashar al-Assad.