Daily Report
12 de Setembro de 2022
Financial Markets | daily report 12.09.2022
  • Investors closed the week trading with a risk-on mode, recovering some of the losses of previous sessions following the hawkish rhetoric by major central banks, including the 75 bp interest rate hike by the ECB and comments by Fed Chairman Jerome Powell, who reiterated the need to act forthrightly on inflation “until the job is done”.
  • During the weekend, Bundesbank President Joachim Nagel said the ECB will have to keep raising rates if the current trend in consumer prices continues.
  • In this context, the EUR appreciated modestly against its peers, trading back slightly above parity against the USD. Stocks rose across the board while sovereign bond yields ticked up. Gas prices continued to edge down in Europe.
  • On the data front, this week the focus will be on the August’s CPI inflation report for the US on Tuesday and the final HICP prints across the eurozone. In China, the monthly activity indicators for August are released on Friday.