Daily Report

30 de Julho de 2024
Financial Markets | daily report 30.07.2024
  • Investors started the week in a cautious mood awaiting several key events: from Central bank meetings across many developed economies, to a raft of important economic data and companies' earnings. In the data front, today Q2 GDP figures will be released for the eurorozone aggregate and its main economies, as well as some inflation data for July.
  • In this context, sovereign bond yields fell, particularly the long-term references, and curves flattened across developed economies. In the eurozone peripheral spreads remained flat. In the stock market, eurozone indices were mixed, albeit mostly down, while US blue chip indices were slightly up after some good earnings reports from large companies.
  • In currency markets, the dollar edged higher as investors await the Fed's and BoJ's policy decisions on Wednesday, as well as the US employment report on Friday. In commodities, European oil benchmark Brent fell on concerns of the conflict in the Middle East spreading, as tensions between Israel and Lebanon on the Golan Heights escalate.