Financial Markets Daily Report10 January 2024
Market sentiment remained subdued on Tuesday as investors awaited Thursday’s US inflation report for December, which could shed some light on the Fed’s future interest rate decisions. In this context, government bond yields rose in the eurozone, despite the negative surprise from German industrial production for November, and fell slightly in the US.
- Market sentiment remained subdued on Tuesday as investors awaited Thursday’s US inflation report for December, which could shed some light on the Fed’s future interest rate decisions. In this context, government bond yields rose in the eurozone, despite the negative surprise from German industrial production for November, and fell slightly in the US.
- On the stock markets, the major indices in Europe fell across the board, with the Ibex35 among the worst performers. While US indices were rather flat, Japanese equities were the positive surprise of the session as inflation in Tokyo came in below expectations and investors expect the BoJ to further delay any interest rate hike.
- In the currency markets, the USD strengthened slightly against the euro and the yen. In commodities, oil prices rose on the back of a Libyan supply disruption, while the European benchmark for natural gas, the Dutch TTF, extended its losses on the back of mild weather forecasts.