Investors kicked off the week on a cautious tone. US Treasury yields continued to tick slightly higher, following the tendencyof the last sessions. Global equities were mixed, rising in the US and declining across the euro area. A study published by theECB found eurozone consumers have been shifting away from US goods and reducing overall discretionary spending.
Commodities markets dropped, with the exception of gold, that continued to be the safe haven of investors and reached anew record high price. Oil prices marginally decreased as concerns on oversupply outweighed geopolitical tensions. Thedollar weakened against the euro, reaching 1.18 EUR/USD.
In Asia, the Chinese stock market rose after the PBoC’s decision of keeping interest rates constant, while the Japanese Nikkei225 equity index rebounded after the large contraction from the previous session on the back of the BOJ’s decision to reduceits holdings risky assets.
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.