Daily Report

14 de Novembro de 2024
Financial Markets | daily report 14.11.2024
  • US inflation data was in line with consensus expectations: headline inflation rose in October to 2.6% yoy from 2.4% in September, while core inflation, which excludes flood and energy, remained at 3.3%. Financial markets continue to price in 25 b.p. rate cut by the Fed at its upcoming December meeting (with an 85% probability).
  • Euro area sovereign bond yields had a mixed session without a clear direction, edging higher in Germany and lower in the periphery. US Treasury yields initially fell on the back of the inflation numbers, which did not surprise investors, but the longer end reversed the moves and ended slightly higher. Equity markets were mostly flat on both sides of the Atlantic.
  • In currency markets, the dollar extended gains yet again and reached a 12-month high. Against the euro, the dollar traded around 1.05 and against the yen around 155. The dollar's strength weighed slightly on most commodities.
  • Today sees the release of Spain’s final inflation for October.