Equities rallied as optimism around AI revived risk appetite, supported by strong revenue outlooks and reports of strong investor demand ahead of Anthropic's IPO. The Nasdaq rose 1.6%, outperforming the S&P 500 (+1.3%), while European markets also advanced, with the Eurostoxx 50 edging 1.0% higher, led by technology and semiconductors gains.
US Treasury markets were closed for Veterans Day, but futures pointed to a slight rise in yields, extending the hawkish repricing triggered by stronger US inflation and expectations of further Fed tightening. European bonds were broadly stable, with the German 10Y Bund steady at 3.32% and peripheral spreads narrowing slightly.
Oil and gas prices rebounded after their recent correction, as expectations of a rapid diplomatic resolution with Iran faded.The US dollar appreciated, pushing EUR/USD below 1.11 and reaching its strongest level since May 2025, supported by more hawkish Fed expectations.
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.