Daily Report

18 de Setembro de 2019
Daily Report 18.09.2019
  • Global stocks were mixed as market attention shifted from the weekend's attack on Saudi Arabia's oil facilities to today's Fed meeting, in which a 25bp rate cut is expected (see here).
  • Brent oil prices dropped below $65 a barrel after Saudi Arabia's energy minister said that the kingdom has restored oil production and that it will keep its full oil supply to its customers this month.
  • Yields on U.S. bonds declined while EA sovereign yields were roughly stable. Yet, Italy's spread rose amid concerns that the government coalition could be weakened by former PM Renzi's decision to quit PD to form a new group.
  • On the data front, German investor sentiment improved in September according to the ZEW institute, whose sentiment index rose to -22.5 points from -44.1 points in August. Yet, the ZEW institute warned that the outlook for Germany's economy remains negative due to trade disputes and Brexit uncertainty.