Daily Report

9 de Dezembro de 2019
Daily Report 09.12.2019
  • Financial markets closed the week with very positive mood amid better-than-expected economic data releases.
  • November U.S. employment creation, a figure watched very close by the Federal Reserve, jumped to +266k (+156k in October), while the consensus expected a more modest increase of +180k. The unemployment rate ticked down to 3.5% while wages rose by 3.1% yoy, pushing away fears of an inminent recession.
  • In this context, risk-on flows pushed stock indices and yields on sovereign bonds higher in advanced economies.
  • In oil markets, the price of the barrel of Brent rose above $64 after OPEC and its allies decided to increase by 500,000 barrels per day current supply cuts. With this new limit in production, the cartel expects to put a firm floor on prices during the first quarter to temper any seasonal weakness in oil demand.
  • This week, the focus will be on monetary policy with Fed's and ECB's meetings on Wednesday and Thursday.