Daily Report

26 de Junho de 2024
Financial Markets | daily report 26.06.2024
  • Without any major macroeconomic news to trade on, sovereign bond markets had a relatively quiet session yesterday with only minor price changes: yields edged down in the euro area, but rose in the US. Equities were mixed, posting gains in the US boosted by tech mega-caps, while European indices declined as sentiment remained weak.
  • On the US macro front, the Conference Board's consumer confidence index fell by less than expected to 100.4 in June from a downwardly revised 101.3 in May. Regarding the Fed, Governor Bowman warned about upside risks to inflation and reiterated the need to keep policy rates on hold for some time.
  • Elsewhere, in currency markets both the US dollar and the euro were mostly unchanged against their main peers. In commodities, Brent crude oil prices fell to $85/barrel amid worries about the economic outlook, while the European reference for natural gas, TTF, continued to trade below €35/MWh.