Daily Report

29 de Novembro de 2024
Financial Markets | daily report 29.11.2024
  • With US markets closed for the Thanksgiving holiday, European investors remained focused on the French budget impasse. Eurozone bond yields fell and peripheral spreads narrowed yesterday as Barnier's government weighed concessions on limiting electricity tax hikes, as demanded by Le Pen, to avert a no-confidence vote.
  • Government bond yields were also pushed lower by the ECB's Villeroy, who said the ECB may need to raise interest rates to stimulative levels and should not rule out any size of cut; and by some mildly encouraging inflation data, with Germany's November HCPI coming in below expectations at 2.4%, while Spain's one came in as expected, at 2.4% as well.
  • In equity markets, eurozone indices rose, while aggregate LatAm indices fell, weighed down by the fall in the Brazilian market, where investors were disappointed by the governmen's plan to rein in the deficit. In the FX market, the euro and the dollar were flat against their peers. In commodities, oil was flat on thin trading ahead of OPEC+ meeting next week.