HeIbex optimism remains alive after a general climate of increases in the markets, after the rise of almost 8% of Wall Street. At Easter, investors shake their fear and return to equities in the hope that the pandemic will be controlled. In this context, the Spanish selective, which has spent the whole day with more than 7,000 points, has lost them since the opening of Wall Street.
The values that most experienced the setback in the markets due to the worldwide expansion of the coronavirus, such as IAG, Melia, ArcelorMittal or banking, are the ones that rose the most on this second day of rebound. The Ibex, at 17:00 up 1.81%. After the advance of more than 4% on Monday. Throughout the session it has come to match the figure achieved yesterday, but after a less optimistic (but green) opening of the American stock market, investors have reduced the intensity of their purchases and the escalation has moderated.
For its part, Wall Street has opened in green continuing the strong increases of the previous day in its opening and bordering on 3%. However, in a short time it has reduced its progress with the S&P rising 1.2% while the Dow Jones it is up 1.3%. The technological index, Nasdaq, advances 0.13 %%.
The values that rise the most are Melia Hotels International (15.42%), Marline (15.42%), Indra (12.79%), Amadeus (9.48%) and ArcelorMittal (8.91%), while on the opposite side they stood Grifols (-3.03%) and Cellnex (-2.38%).
But, in addition to the possible stabilization of the disease, the markets look closely the talks between Moscow and Riyadh. The oil war, which has plummeted crude prices to almost lose 30 euros a barrel (Brent), could be close to ending.
After the discount between the two powers for who should take more cuts in crude production to keep the price high in the market, both abandoned all previous agreements under OPEC to start generating this precious raw material en masse .
Both powers have called this Thursday and Friday to hold talks to return to previous levels in the price of a barrel. Some media such as Reuters assured that the agreement is close to being reached and that there are only slight differences at this point when not so long ago the distances seemed insurmountable.
From Linksecurities trust that “continue the good tone shown yesterday” because “Investors are encouraged by the strong bullish closure of Wall Street“So it is not risky to affirm that the market floor can occur when the pandemic reaches its peak -the number of discharges begins to exceed the number of infected, with which the number of active patients will begin to drop- in the main European countries and the USA, something that could happen depending on the models that are being used in a couple of weeks. ”
Despite this, “we do not rule out moments of tension in the stock markets until that point is reached” but “what we do have clear is that the sooner the measures that keep activity paralyzed in many countries begin to reverse, totally in Italy and Spain, less painful will be the recovery. That is why, any news in this regard, will be very well collected by investors. ”
From Singular Bank they point out that “the data gives an iota of hope to the market, which begins to believe that the most complicated phase of the coronavirus health crisis and with it the peak of cases has been exceeded. “
On the other hand, the European stock markets rise in the same line as the Spanish one, with increases close to 3% and even higher in the case of those of Germany, Fracia and Great Britain.
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