On Friday, equity markets on both sides of the Atlantic opened with losses as investors weighted on concerns about credit quality in the US after two US regional lenders disclosed loan issues. However, during the day those concerns eased, allowing the US indices to close with gains and the Europeans to partially recover.
Government yields rose especially in the Usas risk sentiment recovered. The dollar strengthened against all its major peers and the euro depreciated. The price of crude oil edged higher and gold prices fell after hitting historical highs above $4,300/ounce.
This week, investors will be attentive to Wednesday’s release of UK inflation figures for September. In the US, the government shutdown has forced all data releases to be temporarily cancelled, except for the CPI for September, that will be released on Friday.
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.