In yesterday's session, German bonds extended their decline, with the 10 year bund yield reaching 2.83%, and theeuro appreciated against the dollar as the ECB cut interest rates by 25 basis points to 2.5%. President ChristineLagarde did not pre commit to setting rates in any direction in the upcoming meetings and warned of theuncertainty surrounding the effects of the trade war and increased defense spending.European stocks advanced as Germany plans to raise defense spending while, in the US, indices recorded furtherdeclines dragged down by the technology sector.Today, the final Q4 2024 GDP for the Eurozone will be published (0.9% YoY expected), and February employmentdata will be released in the US. It is expected that 160,000 jobs were created in February (vs 143,000 in January)and that the unemployment rate remained at 4.0%.
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.