Daily Report

6 de Maio de 2024
Financial Markets | daily report 06.05.2024
  • In tcus will be on the final PMI figures for April and the BoE monetary policy meeting.
  • he last session of the week, investors reassessed their expectation for the Fed's interest rate path ahead as the US April employment report showed a cooling labor market. In particular, job creation slowed from 315k to 175k, way below consensus expectations, the unemployment rate ticked up to 3.9% and wage growth decelerated to 0.2% m/m.
  • In addition, the services ISM index declined from 51.4 to 49.4 in April, with a weakening in the employment and new orders subcomponents. Nevertheless, the prices paid index rose markedly from 53.4 to 59.2, probably affected by the latest increase in energy prices.
  • In this context, yields on sovereign bonds declined on both sides of the Atlantic and equities rose across the board. In FX markets, the US dollar weakened against most currencies and the euro fluctuated below $1.08.
  • This week, the fo