Diário Financeiro

13 de Dezembro de 2018
Daily Report 13.12.2018
  • Global financial markets operated yesterday in a very positive mood and stock indices advanced across the globe. Gains were particularly strong in Europe and Japan while, in the U.S., the S&P 500 edged up by a moderate 0.5%.
  • In fixed-income markets, European peripheral spreads decreased after the Italian Prime Minister, Giuseppe Conte, announced a lower deficit target for 2019 (2.0% down from 2.4% of GDP). Yields on long term German and U.S. sovereign bonds edged up.
  • In FX markets, the main movement was driven by the political situation in the U.K., were Theresa May survived its party confidence vote. The British pound appreciated by 0.7% and 1.1% against the euro and the U.S. dollar, respectively.
  • November CPI inflation in the U.S. fell to 2.2% (from 2.5% in October). This fall is mostly explained by the decrease in the energy component. Core inflation ticked up to 2.2%, which encourages the Fed to hike rates at its meeting next week.
  • Today, investors will pay attention to the ECB Governing Council meeting. See what we expect here.