Daily Report

8 de Maio de 2024
Financial Markets | daily report 08.05.2024
  • In yesterday's session, investors traded cautiously in absence of key macroeconomic data releases. Despite the delivery of some hawkish comments from ECB and US Federal Reserve officials, yields on sovereign bonds edged down on both sides of the Atlantic.
  • In particular, Minneapolis Fed president Neel Kashkari suggested that Fed policy may not be as tight as FOMC members suspect in light of the strength in the housing market. In the euro area Bundesbank president Joachim Nagel said that some structural forces can lead to a somewhat higher inflation in the future than previously expected.
  • In this context, stock indices managed to increase, helped by the decrease in sovereign yields and on the back of somewhat positive corporate profits announcements. In FX markets, the US dollar strengthened against most peers and the euro fluctuated below $1.08.