Daily Report

24 de Junho de 2024
Financial Markets | daily report 24.06.2024
  • The week ended with investors in a risk-off mode in the financial markets. In the eurozone, PMI data for France and Germany came in below expectations and below last month's levels, while in the US the index rose slightly from May.  Government bond yields on both sides of the Atlantic fell at the European open on the weak PMI data, then recovered on the US data to end the day broadly flat as investors struggled to reconcile the divergence. The French spread widened.
  • Global equity indices fell across the board, with eurozone indices the worst hit. The weak PMI data weighed heavily on Eurozone banking stocks, which were among the worst performers of the session.
  • In the currency market, the dollar strengthened against its major counterparts. The euro fell below $1.07, although it extended its gains against the franc. In commodities, European oil and natural gas benchmarks fell on fears of weaker demand.