Daily Report

15 de Julho de 2024
Financial Markets | daily report 15.07.2024
  • Investors ended the week with a modest appetite for risk. In the US, Treasury yields edged lower as June producer price data and the University of Michigan's one-year inflation expectations pointed to easing price pressures, bolstering expectations for a Fed rate cut in September.
  • In the eurozone, however, final June HCPI readings for France and Spain were slightly higher than flash estimates, leading to a modest rise in government bond yields and a tightening of peripheral spreads. Stock market indices, meanwhile, rose on both sides of the Atlantic, while US big banks fell after reporting mixed results for the second quarter.
  • In the FX market, the dollar fell against its major counterparts, with the euro reaching 1.09 EURUSD and the yen down 0.6% after touching 162 USDJPY, sparking speculation that the Japanese authorities may have intervened in the market. In commodities, oil prices were lower as investors weighed the impact of the Fed's rate cuts.