Daily Report

27 de Junho de 2024
Financial Markets | daily report 27.06.2024
  • In yesterday's session, euro area sovereign bond yields advanced, with a slight widening of peripheral spreads, while equities retreated amid weak sentiment. Consumer confidence indices in both Germany and France fell from their May readings. Several remarks from ECB officials including Lane and Schnabel reiterated the ECB's data -dependent strategy.
  • In the US, Treasury yields also rose while stocks closed with modest gains led once again by tech mega -caps. New home sales fell in May weighed down by high mortgage rates, pointing to a weak recovery in the housing market. From the Fed, Governor Bowman once again insisted on a cautious approach for future monetary policy decisions.
  • In currency markets, the Japanese yen took center stage as it fell to a 38-year low beyond 160 in its cross against the dollar, keeping traders alert for any possible signs of intervention from Japanese authorities. The Nikkei 225 powered ahead to gain +1%.