Daily Report

12 de Junho de 2025
Financial Markets | daily report 12.06.2025
  • Financial markets were mixed during yesterday's session. US CPI for May came softer than expected, with core CPI increasing by 0.1% mom (vs. expected 0.3%) and 2.8% yoy (vs. 2.9% expected), and overall CPI climbed 2.4% yoy, as expected. Separately, Trump said that a US China trade deal is "done", which could ease trade frictions between the two countries.
  • In this context, US sovereign bond yields declined, especially short term yields, with investor expectations for Fed rate cuts solidifying around two cuts this year. In the euro area, sovereign bond yields edged slightly higher, and peripheral risk premia was barely changed.
  • Equities in both sides of the Atlantic registered losses, as investors were concerned about increased Middle East tensions. Those same tensions supported Brent oil prices, which rose to their highest in more than two months. In currency markets, the dollar depreciated against other major currencies, as investors priced in the lower than expected inflation report.