Financial markets ended the week on a slightly positive note. News from early in the week of US China trade negotiations helped sustain sentiment in equity markets, despite survey data showing a sharp deterioration in US consumer sentiment and an uptick in inflation expectations.
In this context, Euro area stock markets advanced, with the Ibex35 leading the gains, while the main US equity indices closed higher recording weekly gains of over 5%. Sovereign bond markets were mixed. Eurozone yields edged lower on the back of dovish remarks from ECB officials, while Treasury yields rose on inflation concerns from sentiment surveys.
In currency markets, the dollar was mostly flat. And in commodities, Brent crude prices rose as fears of a slowdown in global demand eased as US China talks advanced. This week will see no major economic releases beyond preliminary PMI data for the eurozone and the US.
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.