Daily Report

16 de Setembro de 2024
Financial Markets | daily report 16.09.2024
  • Investors ended the week on a risk-on tone as monetary policy expectations drove sentiment during Friday's session. The likelihood of a 50 b.p. rate cut by the Fed this week rose to almost 50%.
  • On the data front, US import and export prices fell in July (-0.3% and -0.7% mom, respectively), in line with falling inflation. The University of Michigan Consumer Sentiment index rose in September, with short-term inflation expectations down from 2.8% last month to 2.7%.
  • In this context, sovereign bond yields fell on both sides of the Atlantic with euro area peripheral risk premia slightly narrowing. Equity markets rose, with euro area stocks outperfoming their US counterparts. The dollar held steady against the euro but fell against the yen.
  • This week's focus will rest on central banks again, with the Fed, the BoE and the BoJ all holding meetings.