In the latest session, investor caution prevailed amid lingering concerns over the profitability of AI, a somewhat more hawkish tone from the Fed, and an escalation of tensions between the US and Iran.
Major equity markets moved lower. Treasury yields declined across the entire curve, with the 10-year yield falling back to levels last seen 18 months ago. A similar move was observed in the euro area, alongside a modest widening of peripheral spreads.
This morning, markets have opened with a clear flight-to-quality move following the escalation of the conflict involving Iran. Equity futures are broadly lowerand the dollar is gaining ground, while Brent crude prices are edging towards $80 amid warnings over the security of shipping traffic through the Strait of Hormuz.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.