Daily Report

3 de Julho de 2019
Daily Report 03.07.2019
  • In yesterday's session, investors traded in a cautious mood and demand for safe haven assets increased. Sovereign yields declined (both in core and peripheral euro area) and stock indices edged up modestly in advanced economies.
  • After several days of negotiations, European political leaders decided to nominate Ursula von der Leyen (German CDU) and Christine Lagarde (IMF Managing Director) as presidents of the European Commission and the ECB, respectively. The deal still needs to be approved by the European Parliament.
  • As expected, OPEC and its allies agreed to extend the current production cuts until March 2020. Despite this agreement, oil prices declined by 4.1% amid concerns on global growth and the barrel of Brent fluctuated above $62.
  • In June, Social Security affiliates in Spain reached a historical maximum of 19.5 million and unemployment declined by 63k, in non-seasonally adjusted terms.