Daily Report

18 de Dezembro de 2024
Financial Markets | daily report 18.12.2024
  • Investors traded cautiously ahead of today's FOMC decision (a 25bp interest rate cut is widely discounted) and the BoE on Thursday (expected to hold interest rates at 4.75%). On the macro data front, US retail sales rose 0.6% m/m in November, and in Germany, the IFO expectations index surprised to the downside as confidence in the country continued to weaken.
  • In this context, sovereign bond yields were mostly flat on both sides of the Atlantic, with peripheral risk premia widening by a slight 1bp. Stock markets edged lower globally, and even the Nasdaq index took a pause after hitting a record high in the previous session.
  • In currency markets, the dollar strengthened against its main peer, leaving its cross with the euro close to 1.04 and at 153 with the yen. Bitcoin continued rallying and traded around 106,000USD. In commodities, oil prices eased further as worries about slowing demand from China weighed on prices.