Financial markets traded on a mixed tone during yesterday's session. In the euro area, sovereign bond yields edged loweras Eurozone PPI came close to expectations (0.0% yoy, 0.4% mom) and French industrial production contracted by 1.7%yoy, more than expected ( 1.2% yoy). ECB office members expressed potentially stronger policy easing ahead.
In the US, January ISM services data fell to 52.8 (vs. expected 54.3) from 54.0 in December, which led to US sovereignbond yields fell. Moreover, the US yield curve flattened, as the Treasury Department signaled there are no plans toincrease longer term debt sales anytime soon.
Equities on both sides of the Atlantic edged slightly higher, ahead of incoming data releases today (Eurozone retail salesand US initial jobless claims) and Friday (US payrolls, unemployment, and consumer sentiment). In currency markets, theeuro slightly appreciated against the dollar. In commodities, Brent prices fell as US inventories signaled weak demand.
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.