Content ID: PR_WCS01_UCM01107846
Portugal: taxa de desemprego decresce para 6.3% no T2
- Stock markets rose mildly in most trading floors while yields on sovereign bonds edged up in the US and declined in the euro area (the German Bund reached a new minimum yielding -0.58%).
- These movements occurred in a context where trade tensions contributed to safe-haven flows (safe currencies such as the Swiss franc or the Japanese yen strengthened) and the bigger-than-expected rate cut in New Zealand, India and Thailand favored investors' optimism on global growth as central banks are easing monetary policy.
- In oil markets, the barrel of Brent decreased below $57 as crude stock piles in the US surprised to the upside, increasing investors' perception of oversupply in the market.
- In Portugal, the labour market remained robust in Q2 and the unemployment rate decreased 0.4 pp from the previous quarter to 6.3%.