Saltar para o conteúdo
Content ID: PR_WCS01_UCM01071748

Daily Report 14.09.2018

BCE reviu em baixa o crescimento económico, mantendo-se em níveis favoráveis

BCE reviu em baixa o crescimento económico, mantendo-se em níveis favoráveis - Daily Report 14.09.2018

BCE reviu em baixa o crescimento económico, mantendo-se em níveis favoráveis - Daily Report 14.09.2018

BCE reviu em baixa o crescimento económico, mantendo-se em níveis favoráveis

  • U.S. and emerging-economy stock markets advanced, while European indices were mixed.
  • In fixed-income markets, U.S., German and Eurozone peripheral sovereign yields were roughly stable.
  • In FX markets, the euro advanced towards $1.17. Most EM currencies appreciated against the U.S. dollar (with the marked exceptions of Argentina's peso and Brasil's real, which weakened by 3.5% and 1.1% respectively). Turkey's lira strengthened by more than 4%after the central bank raised interest rates by 625bp to 24%.
  • In oil markets, the barrel of Brent undid part of the week's rally and declined towards $78.
  • Both the ECB and the BoE left their monetary policy parameters unchanged at their meetings yesterday. The ECB also presented its updated quarterly projections, which continue to picture a positive growth outlook (although with a somewhat smaller contribution from external demand) and a gradual buildup of inflationary pressures towards the medium-term target. Thus, the ECB reminded investors that net asset purchases will decline to €15bn in October and will stop at the end of December.
  • In the U.S., headline CPI inflation stood at 2.7% in August while core inflation nudged down to 2.2%.