Portuguese stock exchange accompanies Europe in red. Galp and BCP put pressure on PSI 20

PSI 20 falls 0,37%, to 5.019,49 points, in line with the main European markets.
Forum BCE 2020 — Christine Lagarde

Top of the agenda: what you can't miss in the economy and markets this week

The week will be marked by the inauguration of Joe Biden as President of the United States. Analysts and investors will also be watching the meeting of the European Central Bank, in a week in which there is also a meeting of the Eurogroup. Also noteworthy is the publication of data on the indebtedness of the Portuguese economy.

PremiumStocks and commodities at highs

The three main Wall Street indices record consecutive historical highs, reflecting Biden's new stimulus package and the recovery expectations reflected in the strong demand for raw materials.

Explorer CEO Rodrigo Guimarães dies

Rodrigo Guimarães was 58 years old and was the CEO of Explorer, a private equity fund manager and of the Discovery Fund, which integrated tourism assets that came off the banks' balance sheets. He made a career in the capital markets and was one of the founders of the broker Midas.

Moody's says sub-Saharan Africa has “severe economic challenges” in 2021

The credit rating agency Moody's warned today that sub-Saharan Africa will face “severe economic challenges” this year due to the crisis exacerbated by the covid-19 pandemic, with public debt rising to 64%.

Moody's estimates Angola's public debt to rise to 110% this year

The rating agency Moody's estimates that Angola will end this year with a public debt worth 110% of the Gross Domestic Product (GDP), channeling 28% of tax revenues just to pay the debt.
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