Financial Markets Daily Report08 setembre 2025
Risk-off sentiment drove markets after a weaker-than-expected U.S. labor market report (nonfarm payrolls +22k in August, and June-July revised down to a cumulative +66k [prior: +87k]). Advanced-economy stock markets declined and sovereign yields dropped amid stronger market expectations over Fed cuts. The euro strengthened above $1.17 and gold rose.
Brent oil prices declined towards $65 ahead of the weekend's OPEC+ meeting. On Sunday, OPEC+ announced that required production will increase by 137,000 barrels per day (bpd) in October. Thus, they will start unwinding the 1.65mn bpd cut launched in April 2023 (after having fully unwound the 2.2mn November 2023 cut between April and September 2025).
This week the focus will be on the French government's confidence vote (today), the ECB meeting (Thursday), and CPI August figures (U.S.' on Thursday and final figures in several European economies on Friday). Also on Friday, S&P will review Spain's rating (A, stable outlook) and Fitch will review Portugal's (A-, positive outlook) and France's (AA-, negative outlook).