Daily Report

14 de Outubro de 2024
Financial Markets | daily report 14.10.2024
  • Financial markets ended the week on a slightly positive note as the earnings season in the US kicked off with the big banks posting solid results. Investors also continued to digest inflation data received during the week which confirmed expectations of a 25bp rate cut instead of a 50bp cut from the Fed.
  • In this context, equities rallied on both sides of the Atlantic and the S&P 500 reached its 45th record high in 2024. In sovereign bond markets, treasury yields edged higher on the longer end of the curve. Euro area bond yields had a quieter session, as investors positioned themselves ahead of this week's ECB meeting.
  • In commodity markets, oil prices eased but still ended the week +1% higher as concerns over supply disruptions in the Middle East and Hurricane Milton's impact weighed on sentiment. In FX markets, the euro held steady against its main counterparts.