Daily Report

13 de Dezembro de 2024
Financial Markets | daily report 13.12.2024
  • The ECB lowered interest rates by 25bp and left the deposit rate at 3%. The central bank also removed a reference in its guidance to keeping interest rates sufficiently restrictive, a sign that further policy easing is probably coming. Following the meeting, the probability of a 50bp rate cut in January, instead of 25bp, has risen from 30% to above 60%.
  • Euro area sovereign bond yields initially fell, but later reversed course and rose more than 10bp as Lagarde also remarked that the fight against inflation is not over yet. Equity markets across the region were mixed and traded without a clear direction during yesterday's session.
  • In the US, the producer price index was higher than expected in November (3.0% vs. 2.6% expected, and 2.4% in the previous month), another sign of sticky prices. US treasury yields ended the session higher and dragged down the main equity indices.