Daily Report

19 de Julho de 2024
Financial Markets | daily report 19.07.2024
  • A mixed session in financial markets on Thursday as the ECB left interest rates unchanged as expected. Lagarde said that eurozone growth was likely to have slowed in Q2 and expected wage growth to moderate in the coming quarters, but insisted that the September move remained "wide open".
  • Eurozone government bond yields rose slightly on the day, although investors still see an 80% chance of a -25 b.p. cut in September. In the US, Treasury yields rose despite the fact that jobless claims rose more than expected last week as figures were disrupted by Hurricane Beryl.
  • In the stock markets, some eurozone indices posted gains, led by the Ibex 35. In the US, blue-chip indices fell as investors rotated out of mega-cap companies. In the currency market, the dollar strengthened against its major rivals, particularly the yen and the euro, which was slightly weighed down by the ECB's decision.