With the focus on today’s Fed policy rate decision, widely expected to keep interest rates unchanged, euro area government bond yields ended yesterday's session flat, while the US yield curve slightly steepened. Investors will be attentive to any hints given in the FOMC press conference for future rate paths.
Equity indices advanced globally, with the exception of the German DAX. In currency markets, the dollar continued to weaken, trading around 1.20 per euro, as investors continued to assess the possibility of a coordinated currency intervention between US and Japanese authorities.
In commodities markets, Brent crude oil prices rose above $67/barrel after production and exports in the US slowed due to disruptions caused by a large winter storm. Natural gas prices fell for the second consecutive session after reaching 7-month highs and gold extended its rally, reaching new record-high prices day after day, trading right now just below $5300/ounce.
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.