Daily Report

20 de Novembro de 2024
Financial Markets | daily report 20.11.2024
  • Financial markets had a volatile session on Tuesday, driven by geopolitical headlines and with no major macro data releases. Eurozone government bond yields fell as several ECB officials speaking during the day supported a dovish ECB, notably Italy's Panetta, who said the ECB should focus on the sluggish economy and move rates to an expansionary stance.
  • US Treasuries ended the day flat after a volatile session as Ukraine fired US-made missiles into Russian territory for the first time and Putin announced a more flexible nuclear doctrine. This also weighed on European stock indices, while US equities ended the day higher, led by tech companies as investors await Nvidia's earnings report due this week.
  • On the currency front, the dollar was broadly flat after geopolitical tensions had sparked a flight to safety earlier in the day. Bitcoin extended its rally to new highs. In commodities, the price of European oil benchmark Brent was flat as a partial restart of production at a major Norwegian oil field outweighed the effect on oil prices of rising geopolitical tensions.