Daily Report

30 de Outubro de 2024
Financial Markets | daily report 30.10.2024
  • Financial markets had a mixed session as traders weighed incoming macro data and corporate earnings announcements to gauge the state of the economy. The JOLTs report showed that US job vacancies fell in September, while the Conference Board consumer confidence for October surprised to the upside (as did the German Gfk sentiment index for November).
  • In this context, euro area sovereign bond yields rose, which weighed on sentiment and dragged down most equity indices in the region. In the US, Treasury yields edged lower on expectations that the Fed will cut rates next week, and stocks rose.The US dollar was mostly flat against its major counterparts.
  • In commodity markets, Brent crude oil prices extended their losses for a second day, albeit to a lesser extent (-0.4%) than in the previous session (-6%), as the conflict in the Middle East has so far not caused relevant damage on oil facilities. Today's focus will be on 3Q GDP data for euro area economies and the bloc as a whole, as well as for the US.