Daily Report

19 de Fevereiro de 2020
Daily Report 19.02.2020
  • Yesterday financial markets experienced another risk-off session driven by worries about the coronavirus. In the U.S., stocks dropped after Apple warned of disruptions due to the epidemic. Also, Germany's ZEW survey of economic sentiment (one of the first releases capturing the coronavirus episode) declined from 26.7 to 8.7 points in February.
  • In this context, stock indices declined across the board and 10-year sovereign yields nudged down in Germany and the U.S. In FX markets, the euro depreciated against the USD and closed below $1.08 for the first time since early 2017.
  • In oil markets, the barrel of Brent stood around $57, with concerns over the coronavirus offsetting upward pressures from disruptions in oil supply from Libya. Risk aversion also fueled an increase in the price of gold.
  • Today, the focus will be on the release of the minutes of the Fed's last monetary policy meeting.