Diário Financeiro

14 de Novembro de 2018
Daily Report 14.11.2018
  • Advanced economies' financial markets reverted the negative tone of the previous days and gains in European stock markets were broad-based (except for the Portuguese PSI 20). In the US, the main equity indices closed slightly lower driven by the energy sector losses (after yesterday's plunge in oil prices).
  • Yesterday, the UK and the EU reached a provisional agreement on the Brexit Withdrawal deal, which still needs to be approved by the legislative powers in both regions. Following the release of the agreement, the British pound appreciated slightly against most advanced economies' currencies.
  • In oil markets, the barrel of Brent sank to $65, still influenced by the previous day's tweet of President Donald Trump suggesting that oil prices should be lower. This low level was not seen since March 2018.
  • German GDP in Q3 2018 contracted by 0.2% QoQ (+0.4% in the previous quarter). This drop ends a period of 13 consecutive quarters of positive growth.
  • Today investors will pay attention to the 3Q 2018 Portuguese GDP figures and the October's CPI inflation release in the US.