The Ibex chains its second day of rises with the encouragement of central banks

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The Ibex 35 bounces almost 2% and searches for 7,600 integers, immersed in the volatility of the coronavirus





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The IBEX 35 promises good news for the end of the week. The Spanish selective registers increases of 4% in the first bars of the session and is around 6,700 points, after rising 1.9% in the day of last Thursday. Since the first sessions in March he has not been able to chain two days in green. Central bank interventionism appears to have dampened the bleeding of the market.

The Bank of England he was the last to join this attack on the coronvirus. The British body decided at the close of the market last Thursday to lower interest rates to 0.1% and put a new asset purchase program on the table. A measure that comes after the movement of the European Central Bank (ECB) and the Federal Reserve.

This Friday the increases in Europe spread. The Dax 30 German starts with increases close to 6%, like the CAC 40 French, FTS 1000 British and the Eurostoxx. Asia has closed with its main indexes in green and, on Thursday, Wall Street closed its session with important increases that opened the door to optimism.

Prudence

Analysts continue to view coronavirus as a black swan for the market. “It is difficult to assess this crisis because it is unprecedented,” says Benjamin Melman, analyst at Edmond de Rothschild. “The world has never been in a situation where economies can suddenly close for an uncertain period of time,” he adds.

“The crisis has surprised everyone precisely because it was unprecedented,” they say from the Geneva-based bank. “We will focus especially on the advance of the epidemic and in any measure aimed at policy convergence, in determining our asset allocation, “they conclude.

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