Daily Report

11 de Dezembro de 2024
Financial Markets | daily report 11.12.2024
  • Subdued trading on financial markets on Tuesday ahead of today's US CPI report and tomorrow's ECB meeting. Eurozone government bond yields were flat, while US yields edged slightly higher. On the data front, US unit labour costs rose 0.8% in Q3 (below an expected 1.3%), while the NFIB business confidence index rose to its highest level since June 2021.
  • Equity indices were slightly lower on both sides of the Atlantic, with the French CAC 40 falling the most on political uncertainty. Chinese equities, on the other hand, were buoyed by the CCP's pledge on Monday for more stimulus. Separately, Chinese CPI for November came in below expectations, as did exports and imports growth.
  • In the currency market, the dollar strengthened against its major peers, especially the yen. In commodities, oil prices were broadly flat as investors assessed the potential impact of the fall of al-Assad in Syria. Natural gas prices edged higher after a choppy session as investors weighed the weather outlook and the chances of increased LNG supply.