Daily Report
14 de Setembro de 2022
Financial Markets | daily report 14.09.2022
  • Risk aversion returned to the fore on Tuesday after CPI inflation surprised to the upside in the US, fueling a new upward revision in investors’ expectations about the pace of monetary policy tightening by the Federal Reserve.
  • Core CPI surprised with a 0.6% monthly pickup in August, which pushed the y/y core inflation rate to 6.3%, the highest since March and 0.4 p. p. above July. Headline inflation eased less than expected to 8.3% y/y (from 8.5%).
  • Stocks fell notably across the board, reverting early gains recorded in Europe. The USD strengthened against its peers, trading slightly below parity against the EUR. Sovereign bond yields also rose, in the US more strongly in the short end of the curve.
  • Today, the EU Commission is expected to unveil details of a plan to intervene in the energy market. On the data front, industrial production data for July is also released today for the eurozone.