Financial Markets Daily Report
27 noviembre 2023

Financial markets ended the week with subdued trading volumes, as the US trading session was shortened for the Thanksgiving holiday, which reduced participants and hence liquidity. 

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  • Financial markets ended the week with subdued trading volumes, as the US trading session was shortened for the Thanksgiving holiday, which reduced participants and hence liquidity. 
  • Sovereign bond yields rose across the board on both sides of the Atlantic. In the eurozone, the Geman debt brake affair continued to push yields higher, although ECB's Lagarde said on Friday the Bank had done a lot on interest rates hikes and is now in a position to observe the impact of its actions.
  • Major equity indices in Europe and the US were also higher, as both the German IFO and the US PMI came in in line with expectations, while Asian stocks were in the red. In the FX market, the USD depreciated slightly against its peers.
  • This week's focus will be on inflation data, as both the eurozone preliminary CPI for November, and the US PCE report for October, are due on Thursday. The OPEC+ meeting expect to finalize output for 2024 will also take place on Thursday.
     
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