Financial Markets Daily Report06 October 2023
In yesterday’s session investors traded cautiously as they awaited today’s release of September US employment report, which should give further signs for the future path of interest rates. Weekly US unemployment claims, released yesterday, ticked up modestly as expected and set the stage for today’s data.
- In yesterday’s session investors traded cautiously as they awaited today’s release of September US employment report, which should give further signs for the future path of interest rates. Weekly US unemployment claims, released yesterday, ticked up modestly as expected and set the stage for today’s data.
- In this context, major stock indices were mostly flat in Europe and the United States. Sovereign bond yields on both sides of the Atlantic extended their decline from the previous session, especially on the shorter end of the curve. Yields fell most strongly in Germany than in the periphery.
- The US dollar edged lower against its major peers and the Euro rose hovering around $1.055. In commodities, oil prices posted further declines amid interest rate uncertainty and lower fuel demand, touching the $84 per barrel mark to end the day closer to $85.