Market opening: PSI-20 for high contradicts Europe. Euro and falling oil – Jornal de Negócios – Portugal

Markets in numbers

PSI-20 adds 0.19% to 5182.77 points

Stoxx 600 down 0.69% to 339 35 points

Portuguese interest on debt to ten years added 0.4 basis points to 2.927%

Euro yields 0.20% to $ 1.1248

Oil in London depreciates 1.53% to $ 40.57 a barrel

European shares

European shares are trading in negative territory in this first week of the session. The main Spanish index, IBEX 35, is in the Old Continent squares which gives more, falling 0.77%, followed by the main French index, the CAC40 which lost 0.67%. The Stoxx 600 benchmark index, falling 0.69%. The exception in Europe is the Portuguese PSI-20, which adds 0.19%, on the day that three new listed companies begin to negotiate the main national index.

The three companies are: Ceibo Amorim, Sonae Capital and the bottom of Montepio. Amorim Ceibo grow 0.20% to 7 euros, Sonae Capital sum 0.64% and the bottom of Montepio follows unchanged.

in Asia, the Chinese stock markets closed up. The Shanghai Composite Index traded even above 3000 points for the first time since January, this after the authorities have given a relief in the controls on the banks loans, according to Bloomberg. In Japan, the main markets were shut for being holiday in the country

slight increase in interest after S & amp;. P hold “rating” Portuguese

the interest of Portuguese public debt are rising across all maturities in the secondary market. The rate of ten-year bonds sum 0.4 basis points to 2.927%. In the case of German interest rates demanded by investors to exchange debt between them are retreating. Ten years, interest yield 0.1 basis points to 0.211%. The national debt risk premium is at 269.0 points.

This behavior of the national debt in the secondary market takes place after, last Friday, March 18 , the rating agency Standard & amp; Poor’s (S & P) has maintained the “rating” of long-term sovereign debt of Portugal to BB +, which is the first level of the “garbage” (speculative investment). That is, continues to return to a level of investment grade quality. As for the outlook for the future evolution of the “rating” of Portugal was also unchanged, remaining “stable”. The S & P notes that expects the economic recovery in Portugal to be moderate in 2016, after two years of growth

Euro falling

the euro is sliding against the dollar. On Friday, the currency of the Eurozone was pressed by the statements of Peter Praet, chief economist of the ECB, which recognized that the growth of the euro zone remains weak and “a rate cut is still in the arsenal” of the ECB . At this point, the euro down 0.20% to $ 1.1248.

fall in oil

oil prices are falling in international markets. The West Texas Intermediate, traded in New York, down 2% to $ 38.64 per barrel. The North Sea Brent, traded in London and serving as a reference for national imports, retreats 1.53% to $ 40.57 per barrel. The trade mark of the raw material is the fact that the number of active drilling rigs in the United States have grown first three months at a time that continues to persist an excess supply of oil in the market. Bloomberg also writes that Ecuador – member of the Organization of Petroleum Exporting Countries (OPEC) -. Will propose a cut in the production of the raw material at the meeting scheduled for next month between producing members and non-members of OPEC

iron ore rises driven by China’s recovery

the iron ore price is rising driven the signs that indicate the existence of a recovery of the housing market in China. This data accompanied by the relief of the banks lending controls is to help improve market sentiment regarding China’s economy, according to Bloomberg. The SGX AsiaClear contract in Singapore for delivery in May, rose 4.8% to $ 55.95 per metric ton.

Day Highlights

CGD sells Campus of Justice by 223 million . Shareholders of the fund that holds the Campus of Justice decided to sell their positions and, therefore, all the assets of the Office Park Expo, which runs the Campus of Justice. Leased by the State, the active passes into foreign hands.

You can Montepio amazed at promoting the PSI-20? The bank becomes part, together with the Ceibo Amorim and Sonae Capital, the benchmark index of the national stock exchange. Believes that increasing liquidity “can be more interesting for investors”, but analysts do not anticipate great enthusiasm.

“Cleaning” of the savings bank brings losses to Montepio. savings bank Montepio, which is reducing its structure, received capital injections from mutuals and got rid of positions in the insurance, which went to the parent. Hence the loss of 393 million in the association.

BCP returns to one of the “heavyweights” of Lisbon stock exchange . The index revision led to a reordering weightings of the securities. There are five listed companies that send more than half of the PSI-20

Jerónimo Martins. “Acquisitions in Colombia have no relevance in expanding” . The Jerónimo Martins Group continues its expansion in Colombia in Bogota, where he hopes to open stores this year. The CEO of JM that country anticipates more competition

Brazil:. Dancing on a volcano . Land of telenovelas, Brazil lives most of all: “Lava Jet”. No one knows how it will end this ongoing samba, which is dividing the Brazilians in the streets. If violence grow in a context of economic crisis and disintegration of political power, will hold the young Brazilian democracy?

What will happen second -feira

ECB . Institution discloses investment in the asset purchase program last week.

Petrobras . accounts disclosure for the last quarter of 2015.

Euro Zone . ECB releases trade balance figures in the last quarter of 2015.

Finland . Governor of the Bank of Finland speaks on monetary policy in the country.

Bank of Portugal. Statistical bulletin.