Daily Report

9 de Julho de 2024
Financial Markets | daily report 09.07.2024
  • Euro area investors kicked off the week on a cautious note as they digested the surprise results of the French legislative elections. The far-right RN came in third place, but the elections resulted in a political deadlock as no party won an absolute majority.
  • Euro area sovereign bond yields fell, most notably in periphery economies slightly tightening their risk premia. Equities were mixed across the region where France was the main underperformer, ending the session lower, while the rest of the main indices ended mostly flat.
  • In the US, Treasury yields were mostly unchanged as investors await this week's CPI report (Thursday), and Fed Chairman Powell's remarks during his semi-annual testimony to Congress, which begins today and runs through tomorrow. Equities posted small advances with all eyes on the Q2 earnings season kicking off on Friday with the big banks.