Daily Report

24 de Julho de 2024
Financial Markets | daily report 24.07.2024
  • Monetary policy expectations guided investor sentiment during yesterday's session in euro area financial markets. On the macro front, the Eurozone consumer confidence index rose to -13 from -14 in July. US existing home sales fell more than expected in June, while house prices hit another record high.
  • Dovish remarks from ECB's de Guindos, highlighting that current inflation data is in line with their projections, sent sovereign bond yields lower, especially along the German curve.
  • In the US, financial markets had a rather quiet session. Treasury yields edged higher on the short end of the curve but were unchanged at the longer end. Equities ended lower after earnings from some tech mega-caps disappointed.
  • In the currency markets, the yen rose against the dollar to 155JPY, supported by comments from a senior ruling party official about normalizing monetary policy, adding pressure to the BoJ.