Financial Markets Daily Report25 octubre 2023
In yesterday's session, a mixed release of the flash October PMIs pushed 10-year sovereign yields modestly down on both sides of the Atlantic while stock indices edged up backed on mixed Q3 earnings releases. Some companies beat analysts' profits expectations, some announced a higher profit guidance or other disappointed in both dimensions.
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- In yesterday's session, a mixed release of the flash October PMIs pushed 10-year sovereign yields modestly down on both sides of the Atlantic while stock indices edged up backed on mixed Q3 earnings releases. Some companies beat analysts' profits expectations, some announced a higher profit guidance or other disappointed in both dimensions.
- Regarding October flash PMIs, the composite index for the euro area declined from 47.2 in September to 46.5 points, with both services and manufacturing indices below in the contracting territory. In the US, these three indices rose and stood above the 50-point level.
- In FX markets, the US dollar strengthened against most advanced economies' currencies and the euro fluctuated , again, below $1.06. In commodity markets, the price of the barrel of Brent declined for the third consecutive session following the week economic data releases.