Daily Report

25 de Julho de 2024
Financial Markets | daily report 25.07.2024
  • Lower-than-expected PMIs for July in the euro area (services 51.9 vs. 52.9 expected, and manufacturing 45.6 vs. 46.1) sent the region's sovereign bond yields higher. Equities were mixed, ending mostly lower, while the PSI20 advanced and the Ibex-35 ended flat, boosted by the energy and utilities sectors.
  • In the US, the services PMI beat expectations (56 vs. 54.9 expected) but manufacturing disappointed (49.5 vs. 51.6 expected). Treasury yields were mixed, falling on the short end of the curve, and rising on the long end.
  • US equities, on the other hand, had their biggest sell-off since 2022, dragged down by large tech companies which have been disappointing in earnings. The VIX volatility index jumped by 22% to 18.In currency markets, the yen continued to strengthen against the dollar ahead of the BoJ's meeting next week.
  • Today'sfocus will be on the release of the US 2Q GDP.