Daily Report

1 de Abril de 2020
Daily Report 01.04.2020
  • The last session of Q1 2020 ended with stock indices edging up and mixed movements in sovereign yields. Yet, the improvement in the last sessions can't make up for one of the worse quarters ever recorded in stock markets. The Eurostoxx 600 and the Dow Jones Industrial Average's loss in Q1 are the biggest since 2002 and 1987, respectively.
  • In oil markets, the barrel of Brent registered the biggest quarterly decline in history, losing almost two-thirds of its value, from $66 in the beginning of the year to $22. Concerns over oil demand during the global quarantine, the disagreement between OPEC+ members and Saudi Arabia and Russia's price war have been the main drivers.
  • Yesterday, the Fed launched a new program through which it will provide dollar liquidity to other central banks.
  • In the data front, the Chinese Composite PMI in March jumped from the record low of 28.9 to 53, proving that the economy is starting to recover. In the euro area, March inflation declined from 1.2% to 0.7%, dragged by the oil plunge.