Daily Report

20 de Junho de 2024
Financial Markets | daily report 20.06.2024
  • A quiet session on Wednesday as US markets were closed for the Juneteenth holiday. In the eurozone, government bond yields rose and peripheral spreads widened after the European Commission opened an excessive deficit procedure for France, Italy, Belgium and five other member states under the 2024 European Semester Spring Package.
  • The region's equity indices fell as a result too. Today, Eurozone investors' eyes will be on the French bond auction, the first since Macron called snap elections. In the currency market, the euro held steady against its major counterparts as investors await today's policy meetings from the Bank of England and the Swiss National Bank.
  • In the UK, yesterday's May inflation data showed that the headline rate reached 2%, although services inflation surprised on the upside. This pushed upwards government bond yields, and reinforced the case for the BoE to leave interest rates unchanged today at 5.25%.