Content ID: PR_WCS01_UCM01172516
FMI revê em alta previsões económicas
- In yesterday's session investors traded with a positive mood as the IMF revised upwards its macroeconomic projections for most advanced and emerging economies. The more vigorous recovery is driven by the fiscal stimulus packages and the vaccination campaign gathering pace in the next quarters.
- Compared with January's update, euro area GDP is expected to grow by 0.2pp more in 2021 and 2022 (+4.4% and 3.8%, respectively) while, in the US, the revision has been +1.3pp in 2021 and +1.0pp in 2022 (to +6.4% and 3.5%, respectively).
- In this context, stock indices rose in the euro area and declined modestly in the US, led by losses in the tech sector. In fixed-income markets, yields on euro area sovereign bonds increased, particularly in the periphery. The yield on the 10-year US Treasury bond fell by 4bp.
- In FX markets the US dollar weakened against most AE and EM currencies and the euro fluctuated below $1.19.