Daily Report

27 de Janeiro de 2020
Daily Report 27.01.2020
  • In the last session of the week, investors digested a mixed release of January's PMIs in advanced economies.
  • In the euro area, the composite index was unchanged at 50.9, with the German manufacturing sector surging from 43.7 to 45.2 points and France's services index declining from 52.4 to 51.7. In the US, the manufacturing index declined to 51.7 points but the services sector rose, which led to an increase of the composite index from 52.7 to 53.1 points.
  • In this context, stock indices rose in the euro area and declined in the U.S., while yields on sovereign bonds declined in both regions. In oil markets, the barrel of Brent continued to decline towards $60 dragged by investor's concerns that the virus outbreak in China could disrupt oil demand.
  • This week the focus will be on the Fed and BoE meetings (Wed. and Thu., respectively), on Q4 GDP and January HICP releases in Spain and the euro area (Fri.) and Q4 GDP data in the US (Thu.).