Daily Report

24 de Setembro de 2024
Financial Markets | daily report 24.09.2024
  • Financial markets had a mixed start to the week as investors tried to reconcile seemingly contradictory signals. In the eurozone, government bond yields fell after September's PMI showed a weak manufacturing sector weighing heavily on the core economies. A sharp, unexpected deterioration in the French services PMI also pushed up the country's spread.
  • In the US, Treasury yields were largely unchanged as the September PMI index showed a steady activity but with average prices rising at the fastest pace in six months, fuelling concerns about the size of the Fed's upcoming cuts. Several Fed officials gave differing opinions during the day, highlighting the current divergence on the topic among FOMC members.
  • Major stock market indexes posted small but broad-based gains, boosted by US soft-landing expectations, while in the FX market, the euro depreciated on the back of weak eurozone PMI data. In commodities, the European natural gas benchmark, the TTF, rose on geopolitical risks to supply and a forecast for colder weather ahead of the heating season.