Daily Report

18 de Novembro de 2024
Financial Markets | daily report 18.11.2024
  • Investors' risk appetite eased slightly on Friday as the day's US macro data supported a more hawkish Fed, right after Powell had hinted at a slower pace of Fed cuts on Thursday. The US economy remains strong: retail sales rose in October and the NY Empire Manufacturing survey surprised to the upside, while October import prices also surprised to the upside.
  • Stocks fell on the prospect of higher US interest rates, with US indices leading the losses. Most European indices also fell, although the Ibex35 rose on the back of financials. Chinese indices fell too despite encouraging retail sales data for October.
  • Government bond yields were dragged down by the weakness in equities. Treasury yields ended the session lower, erasing some of the weekly gains that Trump's victory had triggered, while eurozone yields rose slightly.
  • In Forex, the dollar was flat against the euro, but continued to strengthen against the yen. Bitcoin advanced, hovering around its highs. In commodities, oil prices fell on concerns over Chinese demand after apparent oil demand fell in October.