Daily Report

19 de Março de 2025
Financial Markets | daily report 19.03.2025
  • Markets traded cautiously yesterday, ahead of the Federal Reserve's policy rate decision today. US Treasury yields were almost flat, as markets expect Fed's policy rate to stay at its current level. On the other side of the Atlantic, euro area sovereign yields were flat, as the German Bundestag approved a fiscal package to boost defense spending, as expected.
  • In this context, euro area equities registered gains, as Germany's ZEW indicator of investor sentiment jumped to 51.6 from 26.0 in February, higher than forecast (48.1), indicating a better short term economic outlook, and supporting expectations on the German fiscal package boosting growth in the euro economies.
  • In the US, equities experienced losses, as a sell off in largest technological companies weighed on stock indices, despite industrial production growing by 0.7% in February (vs. 0.2% expected), and housing starts increasing by 11.4% in the same month. In commodities, European reference gas prices fell, ahead of news on the Trump Putin call conclusions.