Daily Report

20 de Setembro de 2019
Daily Report 20.09.2019
  • Markets traded cautiously as investors shifted their attention from this week's monetary policy meetings to the resumption of trade negotiations between the U.S. and China. Sovereign yields were roughly stable, European stocks advanced across the board and U.S. indices closed little changed.
  • Yesterday, the Bank of England left its monetary policy unchanged (rates on hold at 0.75%) and pointed that Brexit uncertainty and slower economic growth were dragging on the British economy. Also, the OECD cut its 2019-20 world growth forecasts due to the negative effects that intensifying trade tensions are having on confidence.
  • In the euro area, the take-up of the first TLTRO-III auction was very low (€3.4bn; €233.5bn at the one in March 2017).
  • Today is 'quadruple witching day' for U.S. markets. That is, when futures and options on indexes and stocks expire simultaneously. This usually leads to higher trading volumes and volatility.