Daily Report

7 de Abril de 2020
Daily Report 07.04.2020
  • In the first session of the week, investor sentiment found support on signs of decelerating COVID-19 infections and deaths in the major European economies. Stocks rallied across advanced and emerging economies, while U.S. and German sovereign yields edged higher. In FX markets, the euro was little changed and fluctuated around $1.08.
  • Euro area peripheral spreads narrowed as the ECB released data showing that it bought ca. €34bn in net terms between March 26th and April 1st, with ca. €30bn coming from its Pandemic Emergency Purchase Programme.
  • In oil markets, the barrel of Brent retreated as investors digested the weekend's announcement that the OPEC+ meeting scheduled for Monday would be postponed to Thursday.
  • On the data front, a NY Fed survey showed a sharp decline of household spending expectations in March and the euro area's Sentix investor sentiment fell to an all-time low in April (-42.9 points from -17.1 in March).