market research jan 27_jan 31
TRANSCRIPT
Jan 27 Jan 28 Jan 29 Jan 30 Jan 31 Wkly Chg
EUR/USD 1.367 1.365 1.366 1.356 1.349 -1.38%
EUR/CHF 1.226 1.229 1.223 1.224 1.223 -0.05%
EUR/GBP 0.825 0.824 0.825 0.822 0.820 -1.18%
EUR/JPY 140. 400 140. 980 139. 690 139. 290 137. 630 -1.67%
EUR/YUAN 8.269 8.263 8.272 8.217 8.175 -1.18%
AUD/JPY 89.640 90.700 89.470 90.380 89.260 0.43%
Jan 27 Jan 28 Jan 29 Jan 30 Jan 31
Euribor 1M 0.239% 0.241% 0.237% 0.232% 0.230%
Euribor 3M 0.300% 0.301% 0.300% 0.298% 0.296%
Euribor 6M 0.404% 0.404% 0.402% 0.399% 0.396%
Euribor 12M 0.569% 0.569% 0.566% 0.562% 0.559%
Eonia 0.188% 0.179% 0.157% 0.155% 0.228%
Jan 27 Jan 28 Jan 29 Jan 30 Jan 31
Portugal 6M 0.615% 0.620% 0.782% 0.817% 0.779%
Portugal 5Y 3.694% 3.638% 4.201% 4.126% 4.025%
Portugal 10Y 5.049% 4.946% 5.118% 5.106% 5.008%
Spain 10Y 3.763% 3.697% 3.715% 3.716% 3.661%
France 10Y 2.365% 2.365% 2.351% 2.306% 2.229%
Italy 10Y 3.907% 3.859% 3.867% 3.839% 3.770%
Germany 10Y 1.671% 1.677% 1.644% 1.619% 1.660%
UK 10Y 2.784% 2.796% 2.758% 2.751% 2.720%
v
REFERENCE RATES
CURRENCIES
BOND YIELDS
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MARKET RESEARCH
INDEXES PERFORMANCE
FEP Finance Club; tradingeconomics.com
FEP Finance Club; Google Finance
Jan 27th
– Jan 31st
FEP Finance Club; Investing.com
FEP Finance Club; Banco de Portugal; BPI
PSI20 follows European negative trend
Last week, the PSI20 lost 1.13% to 6696.67 points. The
index was not immune to the turbulence registered in
global markets, and investors’ confidence in
Portuguese economic recovery was not enough to
counteract jitters that world’s economic growth may
be slowing down. In debt markets, the Portuguese
Government bonds’ yields showed a mixed trend:
while for the 6-months term bond and for the 5-year
term bonds the yields increased, to 0.78% and 4.03%
respectively, the 10-year Portuguese Government
Bonds’ yield decreased to 5.01%. On Thursday, data
released by the European Commission showed that
the confidence of Portuguese economic agents
improved in January, with the indicator reaching a 5.5-
year high (99.6).
European Indices under pressure
European equity markets were under pressure last
week. The FTSE100 lost 0.61% and the DAX dropped
0.46%, while the CAC40 climbed 0.51%. However, the
gains of the main French Stock Index were not enough
to avoid the slide of the Europe's leading Blue-chip
index for the Eurozone, the STOXX50 fell 0.02% on
the week. The performance of the European Indices
was hurt by concerns regarding the emerging-market
currency crisis, the winding down of the Fed’s
economic stimulus and after data showed an
unexpected drop in euro inflation, reviving fears that
the currency bloc may be slipping into deflation.
Asian currencies continue to decline
Asian currencies declined for a third week, led by the
Thai baht and Malaysia’s ringgit, amid concern a
slowdown in China and U.S. stimulus cuts will deepen
the selloff in developing countries. Emerging-market
stocks extended their worst start to a year since
2008, and declined as signs of a Chinese slowdown
and worse-than-estimated Russian economic data
bolstered concern the global recovery will falter.
China’s manufacturing sector contracted this month,
with the Markit/HSBC PMI falling to 49.5 in January
from 50.5 in December, its lowest level in 6 months.
Japan's annual inflation rate rose to 1.6% and retail
sales increased 2.6% (YoY) in December, below
expectations of a 3.9% rise. The yen climbed against
the dollar for its biggest monthly advance since 2012.
Australia’s 10-year yield reached its lowest level since
October, 3.99%. FEP Finance Club; Investing.com
SPOTLIGHT
Japan's Annual Inflation Rate
Volatile U.S. stocks continue to fall
U.S. stocks finished the week registering high volatility
and more losses. The catalysts that drove the DJIA
and the S&P 500 to their worst monthly performances
since May 2012 seem to have not gone away. Fed
decision, on Wednesday, to continue tapering, wiped
off the better than expected quarterly earnings from
big companies, such as D.R. Horton, Pfizer and
Facebook. On the economic front, sales of new U.S.
homes decreased 7% to a 414.000 annualized pace in
December. Moreover, pending home sales index fell
to 92.4 in December, from a downwardly revised
101.2 level in the previous month, the lowest level
since October 2011. U.S. consumer confidence
climbed to a 5-month high of 80.7 in January. In
December this figure was 77.5 and analysts had
expected it to rise to 78.1. Besides, companies seem
to be less sure than households that the U.S. economy
is strengthening, as orders for U.S. durable goods
unexpectedly dropped 4.3%. Lastly, U.S. GDP rose
3.2% at an annualized rate in Q4, in line with
consensus estimates, official data showed on Thursday.
Brazil unemployment rate falls again
Retail sales in Argentina grew at a slower pace in
December amid rising interest rates and an uncertain
economic outlook. Economic activity in Mexico fell
more than expected last month, while the trade
balance rose more than expected in the same period.
Moreover, Mexico's central bank kept interest rates
on hold at a record low of 3.5%. Outstanding loans in
Brazil's banking system rose 2.4% (MoM) in December,
while Brazil’s debt-to-GDP ratio rose less than
expected Lastly, Brazil’s unemployment rate fell to a
record low 4.3% in December, from an already low
4.6% in November.
Natural Gas falls on mild weather forecasts.
WTI crude fell from the highest level of 2014 on
concern that developing economies may shrink.
Natural gas also fell as forecasts for milder weather in
February signaled reduced demand for heating fuel.
Gold followed the same trend after an upbeat report
on U.S. consumer sentiment sparked demand for the
dollar. On the other hand Sugar futures soared as
record-high temperatures triggered supply concerns in
Brazil, the world’s top producer.
SPOTLIGHT
U.S. Pending Home Sales Growth Rate (MoM)
US TREASURY YIELDS
CURRENCIES
FEP Finance Club; investing.com
COMMODITIES
Page 2/2
INDEXES PERFORMANCE
FEP Finance Club; Investing.com
FEP Finance Club; Investing.com
Financial Markets | [email protected]|www.facebook.com/FEPFinanceClub
José SilvaDavid Novo
FEP Finance Club; Investing.com
Pedro SantosAna Santos Pratik Ashok
FEP Finance Club; Google Finance
Jan 27 Jan 28 Jan 29 Jan 30 Jan 31
US 3M 0.053% 0.051% 0.046% 0.020% 0.020%
US 1Y 0.017% 0.104% 0.099% 0.094% 0.091%
US 10 Y 2.750% 2.752% 2.679% 2.697% 2.644%
US 30 Y 3.667% 3.674% 3.618% 3.637% 3.599%
-5,68%
-1,46%
0,60%
1,20% Corn 2,90% Sugar
-2,02%
-3,78%
-2,21%
Crude Oil WTI
Natural Gas
Crude Oil Brent Copper
Silver
Gold
Jan 27 Jan 28 Jan 29 Jan 30 Jan 31 Wkly Chg
S&P 500 1.781,56 1.792,50 1.774,20 1.794,19 1.782,59 -0,43%
DJIA 15.837,88 15.928,56 15.738,79 15.848,61 15.698,85 -1,14%
NQ 100 3.509,02 3.505,72 3.467,82 3.532,41 3.521,92 -0,55%
S&P Lac 40 3.318,95 3.322,85 3.267,27 3.291,27 3.286,39 -1,07%
Jan 27 Jan 28 Jan 29 Jan 30 Jan 31 Wkly Chg
USD/JPY 102, 670 103, 250 102, 280 102, 750 102, 020 -0,31%
USD/YUAN 6,048 6,051 6,056 6,061 6,061 -0,68%
AUD/USD 0,873 0,879 0,875 0,880 0,875 0,79%
GBP/USD 1,657 1,657 1,656 1,650 1,644 -0,27%
USD/CHF 0,896 0,900 0,895 0,903 0,906 1,34%
USD/CAD 1,112 1,115 1,118 1,116 1,113 0,36%