Daily Report

1 de Junho de 2023
Financial Markets | daily report 01.06.2023
  • In yesterday's session, investors traded cautiously ahead of a crucial vote in the US House of Representatives to raise the debt ceiling, which was finally approved. Also, disinflationary pressures were made more evident as inflation declined by more than expected in France and Germany while some Fed members insisted on pausing rate hikes.
  • In this context, yields on sovereign bonds declined on both sides of the Atlantic and equities registered losses, more markedly in the euro area. Energy, financials and auto makers were among the most affected sectors.
  • Elsewhere, the euro weakened against most currencies and fluctuated below $1.07. In commodity markets, the price of the barrel of Brent rose, pressured by a stronger US dollar, and European natural gas prices rose above 26€/MWh.
  • Today, the focus will be on the euro area inflation figures, which is expected to decline, and on the manufacturing PMIs for most advanced economies.