Daily Report

24 de Março de 2025
Financial Markets | daily report 24.03.2025
  • Friday's session was mixed as investors continued to weigh tariff uncertainty, monetary policy decisions and the Fed's updated macro forecasts. Sovereign bond yields edged lower on both sides of the Atlantic, while stock markets registered losses in the euro area and Asia, and barely advanced in the US. The dollar was mostly flat.
  • On the macro data front, euro area consumer confidence surprised to the downside in March, falling from 13.6 to 14,5, vs. 13.0 expected. The German Bundesrat upper house approved plans for a €500 billion spending package on infrastructure and legislation that will ease borrowing constraints to increase defense spending.
  • On monetary policy, several comments from Fed officials including New York Fed and Chicago Fed presidents, echoed Powell's remarks following the FOMC decision, highlighting heightened uncertainty as a reason for the Fed to take a pause.
  • This week, the main data releases include March PMIs, and advanced inflation figures from Spain and France.Today, the key macroeconomic focus will be the release of the preliminary March eurozone consumer confidence data.