Daily Report
13 de Setembro de 2022
Financial Markets | daily report 13.09.2022
  • Investors started the week trading with appetite for risk, taking position ahead of the CPI inflation report for August in the US, to be released today. According to the Consensus, CPI inflation is expected to have eased to 8.1% y/y (from 8.5%), which, if confirmed, could reduce some pressure on the Fed for continuing hiking policy rates aggressively.
  • In the eurozone, ECB VP Luis de Guindos echoed a recent message by the Bundesbank President that the ECB will keep raising policy rates in upcoming meetings, with the pace of the adjustment conditional on data. The hawkish rhetoric supported the euro exchange rate, which appreciated modestly above parity against the USD.
  • Stocks rose across the board, in Europe led by the financial sector. Sovereign bond yields went down across the eurozone but rose modestly in the US. Natural gas prices in Europe fell further, as investors await details of the EU’s plan to intervene the market, likely to be released this week.