Global stocks rebounded and sovereign yields continued to decline as investors cemented their expectations for rate cutsahead of the Fed's next week meeting. The USD weakened moderately across other major currencies and gold pricescontinued to surge.
French PM François Bayrou lost a confidence motion in parliament (364-194). With investors expecting President Macron toaccept Bayrou's resignation and name a new premier, euro area sovereign spreads declined across France and peripheraleconomies. In Japan, the Nikkei 225 rose and the yen closed little changed as investors digested the resignation of PM Ishiba
In oil markets, the price of the barrel of Brent rose as traders weighed the OPEC+'s weekend announcement to raiseproduction. In gas markets, Europe's TTF benchmark increased amid renewed Russian strikes on Ukraine and discussions overfurther sanctions against Russia.
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.