Financial Markets Daily Report12 març 2024
In yesterday’s session, investors traded cautiously ahead of today’s US February CPI release, which is expected to show prices grew by 0.4% m/m, implying a 3.1% y/y change, down from 3.4% last month. The report will also give a clearer picture of price dynamics before the Fed's meeting next week.
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- In yesterday’s session, investors traded cautiously ahead of today’s US February CPI release, which is expected to show prices grew by 0.4% m/m, implying a 3.1% y/y change, down from 3.4% last month. The report will also give a clearer picture of price dynamics before the Fed's meeting next week.
- Without any other major macro data releases yesterday, markets posted mild changes. Sovereign bond yields rose on both sides of the Atlantic, most notably on the short-end of the US Treasury curve. Equities edged mostly lower in the US and in the euro area, with the exception of the Ibex-35, which advanced slightly.
- Elsewhere, the Nikkei 225 fell as expectations that the BoJ will tighten its monetary policy grew and the yen strengthened. The US dollar slightly weakened and the euro traded again around $1.09. In commodities, oil prices remained stable above $82/barrel of Brent, and gold continues to trade at record highs, close to $2182/pound.