Daily Report

24 de Abril de 2024
Financial Markets | daily report 24.04.2024
  • In yesterday's session, investors had to weigh mixed economic data indicators, as flash PMIs showed how the manufacturing sector in the euro area weakened slightly in March, deep below the 50-points threshold, while the services index managed to increase (52.9 for the euro area).  In aggregate, the Composite index rose 1.1 points to 51.4, signaling that in Q1 the euro area could have grown at a modest rate. In the US, on the other hand, the Composite index fell by 1.2 to 50.9.
  • In this context, yields on sovereign bonds edged modestly up in the euro area while yields on treasuries fell in the US, particularly so in the short-end of the curve. Equities managed to increase across the board with the technology sector leading the advances on both sides of the Atlantic.
  • Today the focus will be on the April IFO survey for Germany.