Daily Report

2 de Julho de 2019
Daily Report 02.07.2019
  • The resumption in trade negotiations between China and US boosted stock indices across the globe at the beginning of yesterday's session. Later in the day, weak June sentiment data in advanced economies (euro area final PMI was revised 0.2 p.p. down and US manufacturing ISM down 0.4 p.p. to 51.7) moderated early stock markets gains.
  • In fixed-income markets, yields on euro area sovereign bonds edged down and the Italian risk premium declined sharply as 2019 fiscal deficit might be lower than previously announced, according to a government source (2.04% vs 2.4%).
  • OPEC decided in its meeting in Vienna to extend the current production cuts until March 2020 to support oil prices. Today, OPEC+ (which includes OPEC allies such as Russia) will hold a meeting in which these cuts are expected to be approved by a wider list of countries.
  • Today, the number of affiliates to the Spanish Social Security in June will be released.