Diário Financeiro

16 de Julho de 2018
Daily Report 16.07.2018
  • Markets ended the week with a relatively quiet session. The main U.S. and euro area stock market indices posted moderate gains, but in Spain and Portugal stocks suffered a small decline. In fixed-income markets, U.S. and European sovereign yields edged down and in FX markets the euro stood stable around $1.17.
  • In Spain, inflation climbed to 2.3% in June (2.1% in May), confirming INE's flash estimate (which had been released on June 28). The components breakdown showed that non-core items (energy and unprocessed food) were the main drivers behind rising inflation, while core inflation stood stable at 1.1%.
  • China's GDP growth stood at 6.7% yoy in Q2 2018 (released this morning), slightly below Q1's 6.8% figure.
  • This week the focus will be on the Fed's Chairman Testimonies to the Congress (before the Senate on Tuesday and the House on Wednesday).