Attention, Europe!

Last Friday, it was possible to observe a downward trend in the main European stock exchanges. The day turned out to be characterised by a mixture of tendencies once there was a rising trend which eventually achieved a historical peak - then, however the trend reversed and the Stoxx 600 eventually closed the day by falling 0.1% when compared to the previous day.

In the debt market, the appetite was higher and most of the European debt interest rates ended up falling.

The Euro had a mixed variation throughout the day. Eurozone GDP was expected to grow by just 0.1% in the last quarter with the German, French and Italian economies brining about negative surprises. However, speculation that the ECB is ready to intervene in order to support greater economic prosperity contributed to counter these unfortunate disclosures.

Comparing the European currency to the English Pound, it is also possible to note that the pair also performed similarly throughout the day.

Oil had the biggest rise since September last year. After a few weeks of devaluation as a consequence of fears about the coronavirus, the trend over the last few days has been one of recovery. On Friday, crude oil ended up appreciating 1.15%. Apparently, the increase in oil purchases by the Chinese government may have contributed to this growth. This happened after the World Health Organisation revealed that the number of registered cases does not reflect the number of infected cases.

Gold ended up valuing for most of the day, following then the greater risk aversion felt during Friday.

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