Friday’s session registered losses in nearly all major stock markets as investors reassessed elevated valuations in thetechnology sector. On the macro side, the University of Michigan Consumer Sentiment Index fell to a three-and-a-half yearlow, as worries about the economic consequences of the longest government shutdown ever increased.
Sovereign yields rose on both sides of the Atlantic, with hawkish statements from Cleveland's Fed president Hammackpushing US yields higher. Euro area peripheral risk premia were unchanged. The euro was mostly flat against its peers.
In commodities markets, Brent prices recovered on hopes that Hungary will be able to use Russian crude after its PrimeMinister Orban met with Donald Trump at the White House. Gold prices climbed back above the $4,000 mark, recoveringafter a week of declines.
Late on Sunday night, the US Senate passed the first stage of a deal that would end the government shutdown.
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.