Daily Report

3 de Julho de 2024
Financial Markets | daily report 03.07.2024

During Tuesday's session, eurozone investors remained focused on French political risk, while US markets saw some thin
trading volumes ahead of the 4th of July holiday. In the eurozone, government bond yields fell and peripheral spreads
tightened as the May inflation reading came in line with expectations, easing slightly from May but with service costs stuck.

In the US, government bond yields also fell as the JOLTS data showed a steady easing in the labour market. Although the
number of job openings rose in May, data for previous months were revised downwards and the overall trend should give
the Fed some room to cut interest rates at some point this year.

In equity markets, European indices were broadly lower, while US indices were higher, mainly due to the strong
performance of some mega cap stocks. In currency markets, the euro and the dollar were stable and, in commodities
markets, oil prices fell on concerns about supply disruptions caused by Hurricane Beryl in the US.