Financial Markets Daily Report04 setembre 2026
Thursday's session shifted toward a risk-on tone, supported by dovish remarks from Fed Governor Christopher Waller, who signaled openness to holding rates steady. Markets pared bets on a September Fed rate hike (to 50%), lifting equities and bonds on both sides of the Atlantic while weighing on the dollar.
Equities rallied broadly, led by cyclical sectors, with U.S. indices outperforming their European counterparts. Sovereign yields fell across the board, and the dollar weakened against the euro, sterling and, most markedly, the yen. Crude oil held firm amid ongoing U.S.-Iran tensions, while natural gas eased towards €70.
On the data front, the U.S. ISM services index rose to 55.4 points (a six-month high), signaling strong activity but also stronger price pressures (at 72.6 points, the prices paid index reached its highest level since August 2022). Today the focus will be on the U.S. August employment report as well as euro area retail sales figures.