Opening of markets: Exchanges and interest in the fall in Europe before the referendum in Italy – Jornal de Negócios – Portugal

the Nikkei was down by 0,47% to 18.426,08 points

Interest on the Portuguese debt to ten years retreated by 5.7 points to 3,708%

Euro rises to 0.03% for 1,0664 dollars

Oil in London falls 0,74% for 53,54 dollars a barrel

european markets in the fall before the referendum in Italy

european stock markets are trading in the fall for the second session in a row, before they were well known employment data in the United States this Friday, and the result of the referendum in Italy on Sunday where is the “yes” or “no” to the constitutional reforms proposed by the Government of Matteo Renzi.

The benchmark index for Europe, the Stoxx600, lost 1,15% to 336,94 points.

On the national stock exchange, the PSI-20 down 0,92% to 4.395,55 points, penalized mainly by Galp Energia, EDP and Jerónimo Martins. The oil Portuguese devalues 1,18% 12,94€, the EDP goes down 0,93% to 2,674 euros and the retailer falls 1,03% for 14,36 eur.

Interest rates go down in Europe

The interest on Portuguese debt are falling on all maturities, after four consecutive sessions of climbs. The 'yield' associated to the bonds to ten years backwards to 5.7 points to 3,708%, while within five years the relief is 7.0 points to 2,242%.

Portugal follows, in this manner, the downward trend in most european countries, prior to the holding of the referendum in Italy, that may dictate the political future of one of the largest economies in the Euro Zone.

In Italy, the interest on the debt to ten years retreated by 6.6 points to 1,984% in Spain, down by 5.1 points to 1,564%, and Germany falling 2.9 points to 0,572%.

Dollar drops before jobs data

The index that measures the evolution of the dollar against major counterparts the world is falling for the second session in a row, before being released employment data in the largest economy of the world.

although the market already give it as certain that the Federal Reserve will rise interest rates this month, the numbers will be monitored carefully to assess the resilience of the labour market, north-american, which may give clues about the future movement of interest rates.

Oil relieves tension and strong climbs

The oil is to negotiate in the fall in the international markets, in a hotfix light of the strong rises recorded in the last two sessions, following the agreement of OPEC to cut the daily production by 1.2 million barrels.

The West Texas Intermediate (WTI), traded in New York, down to 0.55% for 50,78 dollars, while Brent crude traded in London, falls 0,74% 53,54 dollars, having appreciated more than 16% in the last two sessions. Despite the fall today, the raw material traded in London is registering the biggest rise weekly in seven years.

When the market was already almost guaranteed that the members of OPEC would not be able to an understanding to cut production and stabilize prices, the cartel announced an agreement, together with Russia.

Gold the way of the fourth week of losses

The precious metal is trading on a high, with a rising 0.43% to 1.176,67 dollars per ounce. Despite the appreciation in the session today, gold is expected to complete the fourth consecutive week of losses, after the victory of Donald Trump in the presidential elections of the United States. Silver rises 0,39% to 16,5820 dollars.