Financial markets were mixed during yesterday's session, while investors were relieved as US February's retail sales grew0.2% mom. Although lower than an expected 0.6% mom, this piece of data reduced fears of a severe slowdown in USconsumer spending amidst tariff policy uncertainty.
In this context, US sovereign bond yields were almost flat, and US stock markets traded sideways, closing with slight gains.In the euro area, long term sovereign bond yields fell in main countries, with peripheral spreads narrowing, ahead of the fiscalstimulus package expected to be approved by the German parliament later in the week.
Euro area equities registered generalized gains, with Spanish and Portuguese markets leading. In currency markets, the euroappreciated against the dollar, supported by investors' appetite for eurogovies. In commodities, European gas referenceprices fell on news that Trump will meet with Putin today to pursue a ceasefire in Ukraine.
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.