Stocks rose while sovereign yields and the USD were little changed and gold advanced as investors eyed a looming U.S.government shutdown (which just began this midnight). In commodity markets, the barrel of Brent declined to $67 asinvestors continued to brace for an OPEC+ output hike next month.
Comments from Fed officials came on the cautious side yesterday. Boston Fed's Collins said easing "the policy rate a bitfurther" might be appropriate this year while also arguing for a "modestly restrictive policy stance". Fed Vice Chair Jeffers onwarned that both sides of the Fed's mandate are under pressure [downside risks on employment, upside risks on inflation].
On the data front, U.S. JOLTS data saw a marginal increase in job openings in August while hiring declined. The vacancyto unemployment ratio stood at 0.98. Today, the focus will be on the release of the euro area's September inflation figures.National data published yesterday showed inflation on the rise in Germany (2.4%), France (1.1%) and Italy (1.8%).
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.