Financial markets traded cautiously during yesterday's session, ahead of Q1 GDP growth data to be released today, both forthe US and for the euro area. Yesterday’s preliminary data showed Spanish GDP grew +0.6% qoq (+2.8% yoy) in Q1. Euro areaEconomic Sentiment Indicator dropped to 93.6 in April from 95.0 in March, and below market expectations of 94.5.
In this context, euro area sovereign bond yields slightly fell. In stock markets, euro area equities were mixed across countries ,with Spanish Ibex 35 registering some losses as investors digested the unexpected country wide power outage at thebeginning of the week.
In the US, sovereign bond yields fell as data showed job openings dropped by 288,000 in March, and consumer confidencealso surprised to the downside (86.0 vs 88.0 expected). Stock markets advanced, while some corporations published earningsoutlooks for 2025 and pointed to the growing uncertainty in the global macro environment.
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.