Daily Report

4 de Julho de 2019
Daily Report 04.07.2019
  • Investor sentiment improved in yesterday's session with the expectation of an extension of the accommodative monetary policy stance. Analysts expect Christine Lagarde to follow Mario Draghi's approach and provide monetary stimulus in the coming quarters.
  • In this context, stock indices in advanced economies rose and yields on safe sovereign bonds nudged down.
  • In the euro area periphery, the Italian risk premium plunged below 200 bp, a level not seen since May 2018, after the European Commission decided not to sanction Italy for exceeding its government spending limits.
  • Regarding data releases, the final figure of June's Composite PMI for the euro area was revised up by 0.1 points to 52.2 points. In the U.S., June's ADP employment report showed an increase in private payrolls of 102k (+41k in May).
  • Today, U.S. financial markets will be closed due to the Independence Day.