Daily Report

18 de Março de 2024
Financial Markets | daily report 18.03.2024
  • In the last session of the week, yields on sovereign bonds continued to increase, modestly, as investors' expectations on official interest rates continued to be revised to the upside. In particular the probability of observing the US Federal Reserve cutting rates in June or earlier stands currently at 63% (96% earlier in the month).
  • In this context, US equites declined, particularly so the tech-heavy Nasdaq, and euro area indices were mixed. Elsewhere, the euro strengthened against most currencies, fluctuating close to, but below, $1.09, and the price of European natural gas above 27€/MWh.
  • This week the focus will be on central banking, as the Bank of Japan meets on Tuesday, the US Federal Reserve on Wednesday and the Bank of England on Thursday. Also, March flash PMIs for the main advanced economies will be released on Thursday.