Daily Report

20 de Dezembro de 2024
Financial Markets | daily report 20.12.2024
  • Following the FOMC meeting on Wednesday, during which the Fed signaled a cautious path ahead, euro area financial markets caught up to their US counterparts during yesterday's session. Sovereign bond yields rose by +6bp in the region, and the main equity indices ended sharply lower. Meanwhile, the euro traded around $1.03 against the dollar.
  • In the US, 3Q GDP growth was revised upward to 3.1% q/q SAAR from 2.8%. Financial markets continue to expect a single rate cut in 2025, and Treasury yields ended the session with gains on the longer end of the curve. The S&P 500 and the Nasdaq ended mostly flat.
  • In other monetary policy news, the Bank of England held rates steady at 4.75%, citing higher-than-forecast inflation, and the Bank of Japan also left rates unchanged at 0.25%, which sent the yen lower to close near 158 against the dollar.
  • This will be the last edition of the daily report for 2024. We will be back in January 2025. Happy Holidays!