Diário Financeiro

6 de Dezembro de 2018
Daily Report 06.12.2018
  • Yields on German government bonds held near six-month lows, after the arrest of a top executive of Huawei renewed concern about global trade wars and dealt world stock markets a fresh blow. Italy’s bond market, usually vulnerable to a selloff in other risk assets, held its ground thanks to signs that Rome is likely to make changes to its 2019 budget. EUR/USD stays stable around 1.1350.
  • The OPEC meets today in Vienna and plans to cut output despite pressure from U.S. President Donald Trump to support the global economy by keeping oil prices low. The OPEC’s main producer, Saudi Arabia, wanted the organization and its allies (Russia) to curb output by at least 1.3 million bpd, or 1.3% of global production.
  • The Brexit debate in the House of Commons enters its third round today. Yesterday, Prime Minister Theresa May said that British lawmakers faced a choice ahead of a vote on her Brexit deal: approving her deal or facing an exit with no deal or even the reversal of Brexit. In this context, the pound shows depreciation pressures. EUR/GBP has started today's session at 0.8906.