Daily Report

12 de Dezembro de 2024
Financial Markets | daily report 12.12.2024
  • US inflation for November came in line with expectations: headline inflation ticked up to 2.7% yoy (+0.3% mom), from 2.6% in October, and core inflation remained unchanged at 3.3% yoy (+0.3% mom). After the release, expectations for a Federal Reserve 25bp interest rate cut this month rose to almost 100%.
  • US Treasury yields initially fell following the report, but reversed course during the day and ended slightly higher. The country's main indices rose, and the tech-heavy Nasdaq index reached a new all-time high. Across the Atlantic, euro area sovereign bond yields traded without a clear direction ahead of today's ECB meeting, and equities mostly advanced.
  • In commodities markets, oil prices rose almost 2% to $73.5/barrel of Brent following news that the European Union agreed to an additional round of sanctions to Russia, threatening its oil flows. In currency markets, the dollar continued to trade around 1.05 against the euro.