Daily Report

19 de Novembro de 2024
Financial Markets | daily report 19.11.2024
  • Financial markets started the week with subdued trading and no relevant macroeconomic data releases. Government bond yields fell slightly in the US and rose in the eurozone, with curves flattening and peripheral spreads flat. Several ECBofficials highlighted yesterday their concerns about Trump's protectionist plans impact on growth rather than inflation.
  • In the equity market, European indices were mixed and mostly flat, while US indices closed higher, with the Nasdaq outperforming, driven by companies that should benefit the most from Trump's policies. Japan's Nikkei fell after BoJ Governor Ueda said wage growth was sustainably boosting inflation and left the door open for a December rate hike.
  • In currency markets, the euro strengthened against the dollar, while, the yen continued to weaken against the dollar, dragged down by Ueda's vagueness on the timing of a rate hike. In commodities, oil prices rose on the back of a weaker dollar and an escalation in the war in Ukraine, and a halted production at a major Norwegian oil field.