Financial Markets Daily Report22 desembre 2023
In yesterday’s session, investors traded cautiously amid weaker-than-expected economic data releases in the US. In particular, Q3 GDP was revised slightly downwards from 5.2% SAAR to 4.9% while the core PCE price index edged down in Q3 to 2.0% from 2.3%.
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- In yesterday’s session, investors traded cautiously amid weaker-than-expected economic data releases in the US. In particular, Q3 GDP was revised slightly downwards from 5.2% SAAR to 4.9% while the core PCE price index edged down in Q3 to 2.0% from 2.3%.
- In this context, yields on US treasuries edged up while equities managed to advance in the US, the euro area periphery and most emerging economies. In FX markets, the US dolar weakend against most of its peers and the euro fluctuated above $1.10.
- Today the focus will be on the November PCE inflation data and the final University of Michigan sentiment indicators. In Spain, the third revision of Q3 GDP figures showed no major change frrom th eprevious release (+0.3% q/q).
- The Financial Markets Daily Report will not be released until January 8th. Merry Christmass and happy new year!