Daily Report

23 de Setembro de 2019
Daily Report 23.09.2019
  • Financial markets ended the week amid mixed signals from trade negotiations and monetary policy. On trade tensions, Donald Trump said that talks with China are progressing, while, on the other hand, the Chinese officials who were in Washington unexpectedly cancelled a programmed visit to US farms (previously seen as a goodwill gesture).
  • On monetary policy, the division among Fed members shown in the dot plot turned even more evident after their public comments. While Richard Clarida said that the US economy is in good place, Bullard, who voted for a 50 bp cut, said he feels economic growth might slow in the near horizon and Rosengren warned about too high asset prices.
  • In this context, stocks edged down in the US and were mixed in Europe while yields on sovereign bonds declined.
  • On Friday, S&P increased the rating of Spain from A-to A citing, among others, the balanced economic growth.
  • This week, investors will focus on September's flash euro area PMIs (Mon.) and August's US core inflation (Fri.).