Equities rallied on both sides of the Atlantic on Monday, as investors looked ahead to earnings releases from majortechnology companies and Spanish banks later this week. Oil prices remained broadly stable, while Dutch TTF natural gas gained 3% to 96.7 €/MWh, reaching its highest level since the outbreak of the conflict in the Middle East.
European peripheral sovereign yields declined, led by France, where the 1010-year OAT yield fell 12b.p. after Moody's maintained the country's A3 credit rating on Friday. German bund yields moved higher, while U.S. Treasury yields were little changed.
The dollar appreciated against its major peers, with the Brazilian real emerging as the main underperformer following thepresidential election results in Brazil, which delivered a victory for Lula da Silva. Market attention now turns to this week’s monetary policy meetings at the Fed, the ECB and the BoJ.
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.