The Ibex 35 and the European stock markets rebound after the worst day in its history while the Asian stock markets still do not raise their heads

0
1
The Ibex 35 and the European stock markets rebound after the worst day in its history while the Asian stock markets still do not raise their heads


  • The Ibex 35 and European stock markets rebounded this Friday after suffering yesterday the worst day in its history due to the panic over the coronavirus.
  • However, the Asian stock markets still do not raise their heads and have closed all negative, except Australia, which rose 4.42%.
  • Yesterday, Wall Street returned to live an automatic stop when the falls reached 7%. Finally, the Dow Jones, S&P 500 and Nasdaq closed with falls of more than 9%, although the futures rise between 2% and 3% and point to a green opening.
  • Discover more stories at Business Insider Spain.

European stock markets are taking a breath after having suffered yesterday the worst day in its history in full surge of panic in the markets for the coronavirus and despite the stimulus measures announced by the European Central Bank and the Spanish Government. In the Ibex 35, which yesterday suffered its greatest losses by leaving 14.61%, the National Securities Market Commission (CNMV) has decided ban short sales on 69 stocks this Friday to avoid another crash.

In this way, this is how the main indices of the European stock markets are moving an hour after opening:

  • The Ibex 35 rises 4.5% up to 6,640 points, recovering almost 300 points from the almost 1,100 he lost yesterday.
  • The Eurostoxx 50 rises 1.1%.
  • The German Dax rises 0.87%.
  • The French CAC 40 rises 1.27%.
  • London’s FTSE 100 is up 2.27%.
  • The Milan Mib, which led the losses yesterday, rose 3.39%.

Despite the increases in Europe, the trading day has started with a negative sign in Asia-Pacific, where Only the Australian S&P ASX has managed to close higher, with an advance of 4.42%. Meanwhile, the Japanese Nikkei fell 6.02%, the Shanghai Composite fell 1.23%, the SZSE Shenzhen 1%, the South Korean Kospi 3.43% and the Hang Seng Hong Kong 1 , 81%.

… Read more The coronavirus causes a wild disaster in the bags around the world: 4 experts analyze whether we are facing the start of an economic crisis like the one in 2008 and where the soil can be found

For IG analyst Sergio Avila, “Chinese stocks have fallen less than their global counterparts in recent weeks, as the spread of the coronavirus has slowed down nationally and many factories have slowly resumed work after long downturns, such as this has been the case with Nissan. ” In addition, it has warned that “Another cut in Chinas benchmark interest rates expected the next Friday”.

On Wall Street, futures are moving positive after the New York Stock Exchange suffered its biggest losses since 1987 Y suffer an automatic blocking in the price in just 4 days when registering a collapse of 7%. Thus, the Dow Jones, the S&P 500 and the Nasdaq closed with falls of more than 9%, although this morning, instead, the futures point to an opening to the rise with rises of between 2% and 3%.

In raw materials, the price of oil rises again as at the beginning of the week and recovering part of what was lost yesterday. The barrel of Brent crude, the benchmark for oil prices in Europe, rises 3.6% to $ 34.44, while West Texas, the benchmark in the US, rose 3.68% to $ 32.68 per barrel .

LEAVE A REPLY

Please enter your comment!
Please enter your name here