Content ID: PR_WCS01_UCM01126105
Confiança dos consumidores nos EUA indiferente ao coronavírus
- Concerns about the spread and the economic impact of the coronavirus rattled markets for a second day in a row (following a rapid increase in cases in countries other than China).
- As investors traded in a risk-off mood, stocks tumbled around 2%-3% in advanced economies while EM equities held up. Safe-haven flows continued to push down core sovereign yields and 10-year U.S. Treasury yields declined to an all-time low. In commodity markets, Brent oil prices dropped by more than 2% and edged towards $55.
- In a speech delivered yesterday, Fed Vice Chairman Richard Clarida said that the central bank is monitoring the risks posed by the coronavirus but that it is still too soon to say whether it will lead to a material change in the outlook.
- On the data front, U.S. consumer confidence remained strong in February according to the Conference Board index (130.7 points, slightly above January's). In the euro area, Germany's Q4 2019 GDP growth was confirmed at 0.0% qoq.