Diário Financeiro

20 de Novembro de 2018
Daily Report 20.11.2018
  • Pessimism about a breakthrough in trade tensions drove global stocks down in the first session of the week. In the U.S., losses were exacerbated by weakness in the technology sector and the major indices were down by more than 1.5%. In fixed-income markets, U.S. and German sovereign yields were little changed. In the euro area periphery, Italy's 10-year sovereign spread ticked up above 320bp while Portugal's and Spain's spreads remained steady.
  • In FX markets, the euro stood moderately above $1.14 and EM currencies were mixed.
  • Yesterday, after a regular meeting of euro area finance ministers, Italy's Economy Minister Giovanni Tria stated that Italy will stick with its 2019 budget plan. The European Commission is expected to release its assessment on Italy's budget on Wednesday.
  • In the U.S., New York Fed President John Williams emphasized the strength of the U.S. economy and its labor market. Williams pointed that interest rates are still low and signaled that the Fed is pursuing a gradual path of rate hikes towards a more normal level of interest rates.