Daily Report

17 de Junho de 2024
Financial Markets | daily report 17.06.2024
  • Eurozone investors closed last week by reducing their risk exposure as the chances of a new French parliament willing to increase the country's budget deficit increased. This pushed eurozone government bond yields lower, although spreads widened, particularly on French bonds. Equity indices also fell across the board.
  • In the US, on the other hand, both Treasuries and the main stock indices were rather flat. While import price data for May was better than expected and showed prices falling for the first time this year, which should boost disinflation, the University of Michigan's consumer sentiment reading was the lowest since November, which weighed on equities.
  • In this context, the FX market also reflected the flight to quality, with the dollar appreciating against its major peers andthe euro depreciating against most of its own ones. In commodities, oil and natural gas prices were lower on the day amid the gloomy sentiment, but both ended a week of gains as the outlook for global demand for the rest of the year improved.