A.12
MERCADOS FINANCEIROS
Fonte: Banco de Portugal, Banco Central Europeu, NYSE Euronext, Reuters e MSCI
2011
Mai
Jun
Jul
Ago
2012
Set
Out
Nov
Dez
Jan
Fev
Mar
Abr
Mai
(em percentagem)
1
2
3
4
5
6
7
8
9
10
11
12
13
Taxas de juro de curto prazo (3 meses)
Média mensal
1
Euribor…………………………………………………………………………………………………………………………………………………………….…………………………….
1.43
1.49
1.60
1.55
1.54
1.58
1.49
1.43
1.22
1.05
0.86
0.75
0.69
2
Libor do USD………………………………………………..…………………………………………………………………………………………….…………………………….
0.26
0.25
0.25
0.29
0.35
0.41
0.48
0.56
0.57
0.50
0.47
0.47
0.47
Taxas de rendibilidade de obrigações do Tesouro (OT) (10 anos)
Média mensal
3
Portugal………………………………………………….…………………………………………………………………………………………………………………………….
9.63
10.86
12.15
10.93
11.34
11.72
11.89
13.08
13.85
12.81
13.01
12.01
11.59
4
(1)
3.12
2.98
2.79
2.26
1.87
2.04
1.94
2.01
1.86
Alemanha …………………………………………………………..…………………………………………………………………………………………….…………………………….
1.90
1.88
1.72
1.46
5
EUA………………………………………………………………..…………………………………………………………………………………………….…………………………….
3.16
2.99
2.98
2.29
1.96
2.13
2.01
1.97
1.94
1.96
2.16
2.03
1.80
4 513
(em índice)
Índices de cotações de ações
Fim de período
6
PSI 20………………………………………………………………………………………………………………………………………………….…………………………….
7 557
7 324
6 895
6 320
5 891
5 870
5 536
5 494
5 325
5 581
5 557
5 234
7
Euro Stoxx 50……………………………………………………..…………………………………………………………………………………………….
2 862
2 849
2 670
2 302
2 180
2 385
2 330
2 317
2 417
2 512
2 477
2 306
2 119
8
Dow Jones Industrial Average…………………………………..…………………………………………………………….…………………………….
12 570
12 414
12 143
11 614
10 913
11 955
12 046
12 218
12 633
12 952
13 212
13 214
12 394
9
Nikkei……………………………………………………………………………………………………………………………………………………….…………………………….
9 694
9 816
9 833
8 955
8 700
8 836
8 435
8 399
8 803
9 723
10 084
9 521
8 543
362.3
357.4
350.3
321.6
285.8
320.7
304.2
302.3
325.9
MSCI BRIC ……………………………………………………………..…………………………………………………………………………………………….…………………………….
346.5
335.8
338.2
308.2
10
(2)
(taxa de variação em cadeia - em percentagem)
11
PSI 20………………………………………………………………………………………………………………………………………………………………….…………………………….
-1.6
-3.1
-5.8
-8.3
-6.8
-0.4
-5.7
-0.8
-3.1
4.8
-0.4
-5.8
-13.8
12
Euro Stoxx 50………………………………………………………………………………………………………………………………………………………………….
-5.0
-0.5
-6.3
-13.8
-5.3
9.4
-2.3
3.9
-1.4
-6.9
-8.1
-0.6
4.3
2011
Abr
Mai
Jun
Jul
2012
Ago
Set
Out
Nov
Dez
Jan
Fev
Mar
Abr
(taxa de variação homóloga - em percentagem)
1
2
3
4
5
6
7
8
9
10
5.3
11
12
13
-1.3
Títulos de dívida denominados em euros emitidos por residentes
Posições em fim de período
13
Portugal……………………………………………………………………………………………………………………………………………………….…………………………….
15.8
19.6
16.4
15.1
12.6
11.1
9.5
6.5
2.5
1.3
-0.1
14
do qual: Sociedades não financeiras……………………………………………….…………………………………………………………………………………………….…………………………….
8.4
6.1
7.4
7.7
7.8
8.4
9.2
8.0
6.4
3.7
-0.1
2.7
2.9
-1.6
3.3
1.6
3.5
6.5
6.0
5.8
Bancos(3)………………………………………………………………………………………………………………………………….…………………………….
16.9
9.3
14.8
12.9
10.6
Administrações públicas………………………………………………………………………………………………………………………………….…………………………….
13.4
18.3
13.1
11.3
5.2
2.9
0.1
-1.1
-6.6
-7.3
-8.2
-7.2
-7.7
3.1
3.5
3.8
3.4
3.2
3.1
3.4
2.6
4.1
4.1
Área do euro(4)………………………………………………………………………….…………………………………………………………………………………………….…………………………….
4.5
4.2
3.8
15
16
17
Taxas de juro de curto prazo (3 meses) - média mensal
6
4.9
Taxas de rendibilidade de OT (10 anos) - média mensal
15
em percentagem
em percentagem
12
4
2
0
9
6
3
0
2008
2009
2010
2011
Euribor
2012
2008
2009
Libor do USD
2010
Portugal
2011
Alemanha
2012
EUA
Índices de cotações de ações - fim de período
base: Dez-05=100
250
200
150
100
50
2008
2009
PSI 20
2010
Euro Stoxx 50
2011
2012
MSCI BRIC
(1) Taxa de OT da Alemanha, usada vulgarmente como taxa de referência da área do euro.
(2) Acrónimo que designa um conjunto de países formado por Brasil, Rússia, Índia e China.
(3) Compreende os bancos, as caixas económicas e as caixas de crédito agrícola mútuo que, conjuntamente com os fundos do mercado monetário, constituem o subsetor outras instituições financeiras monetárias (OIFM).
(4) Área do euro: composição de 17 países.
Junho 2012
41
20
A
A.12
FINANCIAL MARKETS
Source: Banco de Portugal, European Central Bank, NYSE Euronext, Reuters and MSCI
2011
May
Jun
Jul
Aug
2012
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
(in percentages)
1
2
3
4
5
6
7
8
9
10
11
12
13
1
Euribor………………………………………………………………………………………………………………………………………………………………………………………………
1.43
1.49
1.60
1.55
1.54
1.58
1.49
1.43
1.22
1.05
0.86
0.75
0.69
2
USD Libor………………………………………………..………………………………………………………………………………………………………………………………
0.26
0.25
0.25
0.29
0.35
0.41
0.48
0.56
0.57
0.50
0.47
0.47
0.47
13.85
Short-term interest rates (3 months)
Monthly average
Yield on treasury bonds (10 years)
Monthly average
3
Portugal………………………………………………….………………………………………………………………………………………………………………………………
9.63
10.86
12.15
10.93
11.34
11.72
11.89
13.08
12.81
13.01
12.01
11.59
4
Germany
1.86
1.90
1.88
1.72
1.46
5
USA………………………………………………………………..………………………………………………………………………………………………………………………………
3.16
2.99
2.98
2.29
1.96
2.13
2.01
1.97
1.94
1.96
2.16
2.03
1.80
4 513
(1)
3.12
2.98
2.79
2.26
1.87
2.04
1.94
2.01
……………………………………………………..………………………………………………………………………………………………………………………………
(in index)
Share price indices
End-of-month
6
PSI 20……………………………………………………………………………………………………………………………………………………………………………………
7 557
7 324
6 895
6 320
5 891
5 870
5 536
5 494
5 325
5 581
5 557
5 234
7
Euro Stoxx 50……………………………………………………..………………………………………………………………………………………………………………………………
2 862
2 849
2 670
2 302
2 180
2 385
2 330
2 317
2 417
2 512
2 477
2 306
2 119
8
Dow Jones Industrial Average…………………………………..………………………………………………………………………………………………
12 570
12 414
12 143
11 614
10 913
11 955
12 046
12 633
12 952
13 212
13 214
12 394
9
Nikkei…………………………………………………………………………………………………………………………………………………………………………………………
9 694
9 816
9 833
8 955
8 700
8 836
8 435
8 399
8 803
9 723
10 084
9 521
8 543
346.5
335.8
338.2
308.2
10
12 218
(2)
362.3
357.4
350.3
321.6
285.8
320.7
304.2
302.3
325.9
MSCI BRIC ……………………………………………………………..………………………………………………………………………………………………………………………………
(chain rate of change - in percentages)
11
PSI 20……………………………………………………………………………………………………………………………………………………………………………………………………
-1.6
-3.1
-5.8
-8.3
-6.8
-0.4
-5.7
-0.8
-3.1
4.8
-0.4
-5.8
-13.8
12
Euro Stoxx 50……………………………………………………………………………………………………………………………………………………………………
-5.0
-0.5
-6.3
-13.8
-5.3
9.4
-2.3
3.9
-1.4
-6.9
-8.1
-0.6
4.3
2011
Apr
May
Jun
Jul
2012
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
(year-on-year rate of change - in percentages)
1
2
3
4
5
6
7
8
9
10
5.3
11
12
13
-1.3
Euro debt securities issued by resident entities
End of period outstanding amounts
13
Portugal…………………………………………………………………………………………………………………………………………………………………………………………
15.8
19.6
16.4
15.1
12.6
11.1
9.5
6.5
2.5
1.3
-0.1
14
of which: Non-financial corporations……………………………………………….………………………………………………………………………………………………………………………………
8.4
6.1
7.4
7.7
7.8
8.4
9.2
8.0
6.4
3.7
-0.1
2.7
2.9
-1.6
3.3
1.6
3.5
6.5
6.0
5.8
4.9
Banks(3)…………………………………………………………………………………………………………………………………………………………………
15
16
17
16.9
9.3
14.8
12.9
10.6
General government…………………………………………………………………………………………………………………………………………………………………
13.4
18.3
13.1
11.3
5.2
2.9
0.1
-1.1
-6.6
-7.3
-8.2
-7.2
-7.7
4.1
4.5
4.2
3.8
3.1
3.5
3.8
3.4
3.2
3.1
3.4
2.6
Euro Area(4)………………………………………………………………………….………………………………………………………………………………………………
Short-term interest rates (3 months) - monthly average
6
4.1
Yield on treasury bonds (10 years) - monthly average
15
in percentages
in percentages
12
4
2
0
9
6
3
0
2008
2009
2010
2011
Euribor
2012
2008
2009
USD Libor
2010
Portugal
2011
Germany
Share price indices - end of period
base: Dec-05=100
250
200
150
100
50
2008
2009
PSI 20
2010
Euro Stoxx 50
2011
2012
MSCI BRIC
(1) Yield on Germany treasury bonds, usually used as Euro Area reference rate.
(2) A grouping acronym that refers to the countries of Brazil, Russia, India and China.
(3) Includes universal banks, savings banks and mutual agricultural credit banks which, along with money market funds, are the subsector of Other monetary financial institutions (OMFIs).
(4) Euro Area: fixed composition 17 countries.
A
21
42
BANCO DE PORTUGAL | Boletim Estatístico
2012
USA