Daily Report

15 de Novembro de 2024
Financial Markets | daily report 15.11.2024
  • Remarks by central bank officials took center stage in yesterday's session. From the ECB, Luis de Guindos reiterated that the ECB is on its path to cut interest rate as inflation data is on track to its 2% target. On the other hand, Fed Chairman Powell said there is no need to rush to lower rates given the strong economic backdrop in the US.
  • In this context, euro area sovereign bond yields fell, and equities rallied on the hopes of a looser monetary policy. In the US, Powell's comments sent short term Treasury yields higher, as the probability of a rate cut in December fell from 80% to just above 55%. The US main equity indices ended the session lower.
  • Elsewhere, the US dollar kept strengthening and reached a new 12-month high. Against the euro, the dollar traded around 1.05 and against the yen at 156. Global commodities were weighed down by the strength of the US dollar.
  • Today, the EU Commission will publish its economic forecasts.