Daily Report

27 de Novembro de 2024
Financial Markets | daily report 27.11.2024
  • Investor sentiment diverged on both sides of the Atlantic yesterday. In the Eurozone, government bond yields were mixed, with French spreads widening after the European Commission endorsed the French draft budget for 2025, which aims to reduce public deficit from 6.1% of GDP to 5%. The budget has yet to be approved in parliament amid a political stalemate.
  • The US Treasury yield curve steepened as investors assessed both the minutes of the Fed's last meeting, which showed that many officials favoured a gradual approach to further rate cuts, and Trump's latest tariff promises.
  • Trump's pledges to rise tariffs on Mexico, Canada and China weighed on Asian and European equities, while US ones rose, boosted as well by the Conference Board's consumer confidence index, which rose to its highest level since July 2023.
  • In the currency market, the dollar was flat against the euro but strengthened against the MXN, CAD and CNH. In commodities, oil prices fell as geopolitical concerns eased after Israel and Hezbollah agreed to a ceasefire.