Daily Report

16 de Dezembro de 2024
Financial Markets | daily report 16.12.2024
  • Financial markets ended the week on a cautious tone as investors fully digested the ECB's decision to lower interest rates and as they positioned themselves ahead of the Fed's FOMC meeting later this week given the latest prices data: higher-than-expected import and producer prices during November.
  • In this context, the narrative that inflation is taking longer to fall in the US sent Treasury yields higher. Euro area sovereign bond yields were not immune to their US counterparts and rose in tandem despite dovish remarks from the ECB: speaking on Friday, four ECB officials backed further rate cuts conditioned on inflation settling at the 2% target.
  • Stock markets were mixed globally. Equity markets in the US ended the session flat, edged lower in the Euro Area, and fell more heavily in Asia. In commodities markets, crude prices rose to above $74/barrel of Brent on expectations that sanctions on Russia and Iran could hurt global supply.