Financial Markets Daily Report08 February 2024
In yesterday’s session investors took note of the different central bank speeches offered by Fed and ECB officials. In general, policymakers would like to see more evidence that inflation is decisively in the route to reach 2% before easing the monetary policy stance.
- In yesterday’s session investors took note of the different central bank speeches offered by Fed and ECB officials. In general, policymakers would like to see more evidence that inflation is decisively in the route to reach 2% before easing the monetary policy stance.
- In the US, Adriana Kugler said that the Fed is no urgency to cut rates, despite presenting an optimistic scenario for inflation, and Neel Kashkari said that “a few” more months of good inflation data are needed before cutting rates. In the euro area Isabel Schnabel said that the ‘last mile’ of getting inflation down will be the hardest.
- In this context, yields on sovereign bonds edged modestly up on both sides of the Atlantic. In equity markets, stock indices suffered losses in the euro area and managed to advance in the US. Elsewhere, the price of the barrel of Brent rose towards $80 per barrel amid rising tensions in the Middle East.