Daily Report

17 de Junho de 2019
Daily Report 17.06.2019
  • In the last session of the week, stock indices declined across the globe and sovereign yields edged lower amid continuing concerns over trade tensions between the U.S. and China and better-than-expected U.S. retail sales.
  • May's increase in retail sales in the U.S. (and the upward revision of April) lowered investor expectations of a rate cut in the coming Fed meeting, as they perceived that Q2 economic growth might be sounder than previously expected.
  • In the euro area periphery, risk premia deepened further in Portugal and Spain, while the possibility that the European Commission starts a disciplinary action against Italy kept its risk premium elevated.
  • This week investors will pay attention to several central bank meetings -the Federal Reserve on Tuesday and Wednesday, Bank of Japan on Wednesday and Bank of England on Thursday -and June's euro area flash composite PMIs on Friday.