Daily Report

24 de Outubro de 2024
Financial Markets | daily report 24.10.2024
  • Wednesday saw a mixed session in financial markets, with no major macroeconomic data releases to guide investors. US Treasury yields rose as investors weighed election uncertainty and a Republican sweep scenario, and priced in a slower pace of Fed rate cuts. In the eurozone, however, government bond yields fell on expectations of a more dovish ECB.
  • In equity markets, most indices on both sides of the Atlantic fell, with the Ibex 35 being one of the few exceptions, boosted by energy companies. US indices fell after some corporate news and earnings results weighed on some large companies and as high Treasury yields began to pressure investors.
  • In the currency market, the dollar rose against its major peers on expectations of a divergence in the pace of interest rate cuts by major central banks. In commodities, oil prices fell as data on US crude inventories showed a higher than expected rise last week, even though concerns over the Middle East conflict have not abated.