Daily Report

31 de Março de 2025
Financial Markets | daily report 31.03.2025
  • Markets ended the week in a risk off mode as investors focused on Trump's announcement due on Wednesday of a tariff hike that seeks to match tariffs on US products in other countries.
  • Eurozone equities and government bond yields fell slightly less than their US counterparts as price pressures appear to be easing (March inflation surprised on the downside in Spain and France), although any potential fiscal stimulus has yet to materialise (the GfK index showed German consumer sentiment flat in April).
  • US equities and Treasury yields fell as a raft of data showed consumer spending rose less than expected in February amid stagnant prices (the PCE price index for February was 2.5%, with the core index up by a tenth to 2.8%). Separately, the U. of Michigan index showed consumer inflation expectations rose to 5% in March.
  • In the currency market, the dollar fell against the euro and the yen, weighed down by Treasury yields.