Diário Financeiro

15 de Fevereiro de 2019
Daily Report 15.02.2019
  • Positive market sentiment faded in yesterday's session after the release of weak economic figures. Stocks suffered mild losses across advanced and emerging economies and the USD depreciated against its major peers.
  • In fixed-income markets, yields on U.S. Treasuries were dragged down by the release of December retail sales (-1.2% mom, their worst posting since 2009). In the euro area, core sovereign yields nudged down and peripheral spreads ticked up as investors assessed the latest economic releases (area-wide Q4 2018 GDP growth was confirmed at 0.2% qoq, with a 0.0% qoq growth rate in Germany) and the prospects of snap elections in Spain. In Portugal, Q4 2018 GDP growth stood at 0.4% qoq and 1.7% yoy (0.3% qoq and 2.1% yoy in Q3).
  • However, in oil markets the price of the barrel of Brent rose above $64 as it benefited from news that eased oversupply concerns (Russian officials signaled their intention to accelerate the implementation of production cuts, and Saudi Arabia stopped production at a major offshore field this week for repair work).
  • U.S. President Trump is likely to sign the government funding bill that had been agreed by Congress leaders early in the week to avoid another shutdown before today's deadline. Trump is also expected to declare a national emergency to get funding for a border wall with Mexico.