Content ID: PR_WCS01_UCM01125070
Volatilidade determina decisões nos mercados
- Yesterday, investors traded cautiously. The session started in a risk-off mood due to a surge in the number of infections, but markets gradually calmed down as the surge was mostly due to improved measurement techniques.
- In this context, volatility nudged up, global stocks declined moderately and sovereign yields remained subdued. In FX markets, the GBP weakened after the resignation of the UK's finance minister, Sajid Javid.
- The European Commission published its economic outlook, in which it left unchanged the 2020 GDP growth forecast for the euro area at 1.2%. At the country level, it raised the forecast for Germany and Spain by 0.1pp (to 1.1% and 1.6%), lowered France's and Italy's (by 0.2pp and 0.1pp, to 1.1% and 0.3%) and left Portugal's unchanged at 1.7%.
- Data released this morning showed that Germany's economy stagnated in Q4 2019 (0.0% qoq), setting 2019's annual growth at 0.6%. Q4 2019 GDP figures for Portugal will be released later today