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Content ID: PR_WCS01_UCM01134459

Daily Report 22.05.2020

PMIs recuperam, mas continuam em níveis contracionistas

PMIs recuperam, mas continuam em níveis contracionistas - 22.05.2020

PMIs recuperam, mas continuam em níveis contracionistas - 22.05.2020

PMIs recuperam, mas continuam em níveis contracionistas

  • In yesterday's session, investor sentiment worsened amid weak economic data releases and mounting trade tensions between the US and China. Stock indices declined across the board, sovereign yields edged lower and euro area peripheral risk premiums ticked up. In FX markets, the US dollar strengthened against most currencies.
  • May Composite PMIs rose from historical lows in most advanced economies (euro area: +16.9 to 30.5, France: +19.4 to 30.5, Germany: +14.0 to 31.4, US: +9.4 to 36.4 and UK: +15.1 to 28.9 points) as governments are gradually easing lockdown measures, but remain in contractionary zone (below 50 points).
  • In the US, initial unemployment claims for the week ended on May 16th edged down to 2.35 million people.
  • In China, the government decided to drop the GDP target for this year, due to the great uncertainty on the global economy and trade environment.