Financial Markets Daily Report23 November 2023
Investors remained trading cautiously yesterday, as they still expect no further tightening of monetary policy and as economic data came in slightly better than expected. In the eurozone, the consumer sentiment indicator rose slightly from -17.8 to -16.9 in November, although it remains at quite a low level.
- Investors remained trading cautiously yesterday, as they still expect no further tightening of monetary policy and as economic data came in slightly better than expected. In the eurozone, the consumer sentiment indicator rose slightly from -17.8 to -16.9 in November, although it remains at quite a low level.
- In the US, initial jobless claims fell more than expected last week, from 233k to 209k. In this context, stock indices in advanced economies rose modestly. Sovereign bond yields moves, on their part, were mixed and rather muted. In FX markets, the US dollar strengthened against most advanced economies’ currencies and the euro traded below $1.09.
- In the commodities markets, Brent oil prices declined after the OPEC and its allies unexpectedly decided to postpone their meeting on production cuts.
- Today, US markets will be closed for the Thanksgiving holiday and the focus will be on the November euro flash PMIs.