Investors' risk appetite increased on Wednesday as the ADP jobs report for June surprised to the downside and the ISMservices report came in below expectations at 48.8. Separately, the release of the latest FOMC minutes showed that Fedofficials acknowledged a slight slowdown in the economy as well as easing price pressures.In this context, investor expectations for US interest rate cuts increased. In the US markets, Treasury yields fell and equityindices rose, once again boosted by mega cap technology companies, which are expected to benefit the most from lowerinterest rates.In the eurozone, government bond yields also fell and peripheral spreads tightened as the June PMI showed a slowdown ingrowth, and rival parties showed some coordination to prevent the RN from gaining a majority in the second round of theFrench elections. Major equity indices also posted gains, while in the FX market the euro strengthened against its peers.
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.