Closing Markets: Bags waiting for the Fed, interest rates go down and recovers oil – Jornal de Negócios – Portugal

Markets in numbers

PSI-20 advanced 2.15% to 5110.62 points

Stoxx 600 up 0.04% 341 points

S & P 500 slipping 0.08% to 2014.34 points

“Yield” 10 years of Portugal down 1.6 basis points to 2.961%

Euro lost 0.26% to $ 1.1080

Brent recovers 3.15% to $ 39.96 per barrel in London

Bags European awaiting the Fed

investors were cautious awaiting the statements of Janet Yellen. The Stoxx 600 had a slight gain of 0.04% before they met the messages and the monetary policy decisions of the US Federal Reserve.

The automotive and oil sectors were the biggest winners of the session, with the indices of these sectors to advance 2.16% and 1.64%, respectively. Already banks again have the worst behavior in European stocks, with the sector index to fall more than 1% at a time when investors return to show skepticism about the Deutsche Bank.

PSI 20 was a different story. The index increased 2.15%, benefiting from significant gains in Galp, the Jerónimo Martins, CTT and Sonae. The expectation on the progress of negotiations between CaixaBank and Isabel dos Santos helped give gains to banking. But the biggest rise of the session belonged to Pharol, who shot over 19% after news indicate the interest of some US funds to invest in the Hi.

rate to ten years down

the rates of Portuguese ten-year bonds fell, the day that Portugal returned to short-term debt markets, which Parliament adopted the budget. The “yield” fell 1.6 basis points to 2.961% and the risk premium declined slightly to 265 basis points.

The “yield” of Spanish and Italian bonds also down. The rate of Spanish bonds fell one basis point to 1.505%, while the “yield” of Italy low 3.2 basis points to 1.334%.

Euribor three months with new lows

the Euribor three months is increasingly negative. The rate fell 0.003 points to -0.230%, a new historic low. However, the indexes six and 12 months give different signals. The six-month Euribor rose 0.001 points to -0.219%, while the reference rate at 12 months increased 0.002 points to -0.004%.

Fall in Euro before the meeting of the Fed

the single currency losing ground against the dollar, before the US Federal Reserve announces to the market the monetary policy decisions. The euro lost 0.26% to $ 1.1080, with the greenback to benefit from the positive economic data released this session, which can give confidence to the organization led by Janet Yellen to be more assertive in relation to the message on the cycle normalization of uS interest rates.

Oil fires more than 3%

Oil returned home 40 dollars in London, driven by the expectation of a meeting between the members of OPEC and other producers in April to discuss the stabilization of the market. The reserves of raw materials also rose less than expected last week, contributing to earnings. Oil stocks rose 1.32 million barrels last week to 532.2 million barrels, said the Administration of the US Energy Information. The estimates pointed to a rise of 3.2 million barrels.

The drive is also trading news, advanced by the Minister of Qatar, for the plans of the members of OPEC and other major producers to conduct a meeting on 17 April in Doha. Brent, traded in London, is to value 3.12% to $ 39.95 per barrel. The West Texas Intermediate (WTI) advances 3.99% to $ 37.79 in New York.

Dry weather gives gains coffee

coffee price rose 2.86% to $ 129.30 per pound. The draw for the price of the raw material is uncertainty about the results of harvests this year, which are approaching. Investors fear that dry weather in Brazil and Colombia has penalized the production of coffee, which has justified the increases.

Day Highlights

budget approved with votes of PS, Block, PCP and Greens. The state budget for 2016 was, as expected, approved by the PS, Block, PCP and Greens. In the final overall vote, PSD and CDS-PP voted against and PAN abstained.

State puts more debt than expected, but failed to have negative interest. The state put 443 million euros in bonds to six months and 1,285 million in treasury bills to 12 months. But no longer could negative interest rates in the short-term financing

Globe: Hi. On the radar of American funds. Americans Cerberus funds and Elliot are in talks with shareholders of Pharol for the sale of a position in Hi or a possible capital increase, according to the Globe newspaper

BPI:. CaixaBank says it has not yet reached according to Isabel dos Santos. The Spanish shareholders of BPI say there is still no agreement but continue to maintain contacts with Santoro Isabel dos Santos “to find a solution that can be acceptable to all parties.”

Colombia leads HSBC up “target” of Jerónimo Martins. The British bank updated its estimates for Jerónimo Martins to include the new forecasts for the Colombian market. The target price increased by one euro to 15.50 euros.

Analysts applaud strategy Galp. Analysts highlight cutting investment announced by the company in a presentation that brought no major surprises in terms of estimates. BPI increased the target price. The actions follow to gain more than 2%.

What will happen tomorrow

Portugal

the INE publishes the economic Survey, on February

the Academic Debate Society of Lisbon. – Student Association organizes a conference on “the Banking Resolution in Portugal”, in the Faculty of Law University of Lisbon.

Euro Zone

the are disclosed in the trade balance data for January.

It is published content of consumer prices, relative to February.

European Union

the leaders of the EU countries and the Turkish Prime Minister, Ahmet Davutoglu, together treated to discuss the entry of migrants in Europe.

USA

Disclosure of data on new unemployment benefit claims in the week ended on 12 March.

are known numbers of requests for continued unemployment benefits in the week ended March 5.

England

Completion of another monetary policy meeting, after which decisions on interest rates and asset purchases will be known.