Investors' sentiment continued to deteriorate amid escalating trade tensions and Russia's initial refusal to agree to atruce in Ukraine. Equity markets ended lower, particularly in the US, and Treasury yields fell as investors increasedtheir demand for safe-haven US government debt. Oil prices declined as markets weighed the risk that the tariff warcould dampen global energy demand.
On the macroeconomic front, industrial output in the eurozone grew faster than expected in January, driven by arobust expansion in Germany. In the US, producer prices remained unchanged in February for the first time in sevenmonths, while fewer unemployment claims were filed last week, indicating a stable economy.
Today, final inflation data for February will be released in Germany, France, and Spain. In the US, the University ofMichigan's consumer sentiment index is due.
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.