Diário Financeiro

10 de Dezembro de 2018
Daily Report 10.12.2018
  • Financial markets ended the week with another spike of volatility. U.S. stocks plunged by close to 3% while EM equities advanced modestly. In Europe, stocks rebounded from Thursday's losses.
  • In fixed-income markets, U.S. sovereign yields declined to their lowest level since August. In the Eurozone, German sovereign yields nudged up and peripheral spreads declined.
  • In FX markets, most EM currencies strengthened against the USD (with the clear exception of Brazil's real and South Africa's rand, which depreciated by 0.7% and 0.8%). The euro remained close but below $1.14.
  • In oil markets, the barrel of Brent rose moderately above $60. On Friday, OPEC countries and their main partners agreed to cut output by 1.2 million barrels a day for an initial period of six months (starting in January 2019).
  • In the U.S., November's employment report depicted a dynamic labor market as nonfarm payrolls rose by 155k, the unemployment rate stood at 3.7%, and average hourly earnings grew by 3.1% yoy.
  • This week the focus will be on the U.K.'s House of Commons vote on the government's Brexit deal (Tuesday) as well as on the ECB's monetary policy meeting (Thursday). Flash December PMIs for France, Germany, and the Eurozone will be released on Friday.