Daily Report

29 de Janeiro de 2020
Daily Report 29.01.2020
  • Market sentiment steadied in the second session of the week. Volatility eased and global stocks (with the exception of Asia) recovered some of the ground lost on Monday. Investors also benefited from an improvement in U.S. consumer confidence in January, as the Conference Board index rose to 131.6 points (a 5-month high).
  • Improved investor sentiment eased demand for safe-haven assets and allowed for a moderate recovery in U.S. and euro area sovereign yields, which rose by around 5pb. Euro area peripheral spreads continued to narrow down.
  • In commodity markets, gold prices eased and the barrel of Brent oil nudged up but remained below $60.
  • On the data front, Spain's unemployment rate nudged down to 13.8% in Q4 2019 and employment growth ticked up to 2.1%. Today the focus will be on the monetary policy meeting of the U.S. Federal Reserve, in which the Fed is expected to keep rates on hold at 1.50%-1.75%.