Investors started the week in a cautious mood awaiting Trump's comprehensive tariff announcements due on Wednesday.
In this context, Eurozone government bond yields rose slightly as the ECB's Panetta warned that US tariffs would require acautious approach to rate cuts, as well as news that more ECB officials could be open to a pause in April, and despite Germaninflation coming in below expectations in March.
US Treasury yields fell slightly, but with no real catalyst other than investors seeking safer assets. In the equity market,eurozone indices fell, while the US S&P500 posted small gains despite some weakness in technology stocks.
In the currency market, the dollar was broadly flat against its peers amid uncertainty over US trade policy. In the commoditiesmarket, oil prices rose on Trump's threats to impose further tariffs on Russian oil or to attack Iran if it does not halt its nuclearprogramme.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.