Daily Report

26 de Novembro de 2024
Financial Markets | daily report 26.11.2024
  • Investors started the week in a risk-on mood, particularly in the US. US Treasury yields fell sharply on the news of Trump's pick for Treasury Secretary, Scott Bessent, a hedge fund manager seen by investors as fiscally sensible.
  • In the eurozone, government bond curves flattened and short-term references rose as several ECB officials spoke during the day, praising the ECB's gradualist approach to rate cuts. Peripheral spreads were flat after the German Ifo index for November showed that business confidence had fallen more than expected.
  • In equity markets, eurozone and US indices rose, with US small caps making some of the larger gains. Asian equities had also risen earlier in the day, boosted by the strong US PMI reading and Bessent's nomination.
  • In the currency market, the dollar weakened against its major counterparts on the back of lower US Treasury yields. In commodities, oil prices fell on news that Israel and Hezbollah may be close to a ceasefire agreement.