Financial Markets Daily Report19 January 2024
In yesterday’s session, investors traded with a risk-on mood as the US Senate passed a bill that averted a government shutdown. The bill still has yet to pass the House of Representatives, but if it succeeds, the Federal government will be able to fund itself until early March.
- In yesterday’s session, investors traded with a risk-on mood as the US Senate passed a bill that averted a government shutdown. The bill still has yet to pass the House of Representatives, but if it succeeds, the Federal government will be able to fund itself until early March.
- Also, comments from Atlanta Federal Reserve President Raphael Bostic contributed to the better tone in financial markets. In particular, he said that he might consider easing official interest rates sooner than previously expected if there is convincing evidence of inflation falling faster. Previously he backed an interest rate in 2H 2024.
- In this context, yields on sovereign bonds edged modestly up in the euro area while the US Treasury yield steepened, with the short-end of the curve ticking down. Equities advanced modestly across the board.
- Today the focus will be on the University of Michigan sentiment indicators for January.