Daily Report

25 de Junho de 2024
Financial Markets | daily report 25.06.2024
  • Investors kicked off the week with a somewhat quiet session as they await key inflation data later this week: June CPI for France, Spain and Italy; and the US PCE deflator, the Fed's preferred inflation measure.
  • Sovereign bond markets were mostly unchanged, with yields on average 1bp lower in the European periphery, while 1 bp higher in Germany, leading to a slight narrowing of peripheral risk premia. In the US, yields fell slightly at the longer end of the curve.
  • Equity markets were mixed. In the euro area, the main indices advanced powered ahead by the financial sector (Euro Stoxx banks gained +2% in yesterday's session). In the US, equities fell, dragged by the technology sector as concerns about the rally in AI-related stocks weighed on sentiment.  Today's main economic event will be the release of the US' Conference Board consumer confidence index.