Diário Financeiro

12 de Dezembro de 2018
Daily Report 12.12.2018
  • Global stock markets took a deep breath after Monday's broad-based losses. In Europe, all stock indices advanced around 1%, except for the Portuguese PSI 20 which edged down. In EM, equities registered more moderated gains, while in the U.S. the session was very volatile and combined strong advances with sharp declines to end the session flat.
  • In fixed-income markets, yields on U.S. sovereign bonds edged up, while European sovereign yields were mixed.
  • In FX markets, the euro depreciated against most major currencies in advanced and emerging economies and fluctuated just above $1.13. EM currencies were mixed and the main advances were registered by the Brazilian real and the Mexican peso (+0.6% and +0.5% against the U.S. dollar respectively). In India, Shakitkanta Das has been named to replace Urgit Patel as the Central Bank Governor and the Indian rupee depreciated further against the U.S. dollar (-1.5% since the resignation of the former governor this Monday).
  • Today investors will pay attention to the vote of no confidence on Theresa May's leadership announced this same morning and to the November CPI inflation figures in the U.S. (last month: 2.5% and 2.1% in the headline and core inflation, respectively).