Daily Report

29 de Maio de 2020
Daily Report 29.05.2020
  • In yesterday's session investors continued to find relief in the European Commission's recovery plan. Sentiment also benefited from economic indicators showing a gradual improvement in activity.
  • European stocks rose, peripheral risk premiums extended their decline and the euro edged towards $1.11.
  • Yet, U.S. stocks closed with moderate losses amid comments suggesting renewed tensions between the U.S. and China, which sparked more cautious trading at the end of the U.S. session. Today, Donald Trump is scheduled to hold a press conference to discuss China.
  • On the data front, U.S. initial jobless claims fell to 2.1 million last week while continuing jobless claims declined by 3.9 million to 21.1 million. Also, the Q1 decline in U.S. GDP was revised from 4.8% to 5.0% (QoQ annualized).
  • May HICP inflation in Spain and Germany declined by 0.2pp and 0.3pp to -0.9% and 0.5% yoy, respectively.