- The Spanish index reduces its quarterly and annual loss up to 4%
- Only Acciona, Inditex, Gas Natural and Iberdrola are listed as negative
The Ibex 35 has risen 0.48% and has recovered the 9,600 points (9,600.40). The index reduces its annual and quarterly loss to 4.39%. If on Wednesday it was the power companies that allowed the index to go up 0.86% and recover the 9,500, this Thursday it was the banks that led the gains, although purchases have been generalized in almost all values.
- 11.457,200
- -0,09%
In the rest of the continent, after the mixed close yesterday, the stock exchanges have also registered a positive day. Within the Ibex, the most bullish values, with rises above 1%, are Arcelor (+ 4%), IAG (+ 3%), Colonial (+ 2%), Meliá Hotels (+ 2%), BBVA (+2) %) and Indra (+ 2%). Other large positive values are Santander (+ 1.5%), Repsol (+ 1.1%) and Telefónica (+ 0.7%).
In the case of Mediaset, which plummeted 6.7% on Wednesday due to negative forecasts on the advertising market, it rebounds 2% after Banco Sabadell experts have reiterated their purchase advice on the value.
On the negative side, Cellnex fell by 1.4% and Acciona by 0.9% (after leading the gains the previous day with a rise of 4%). In the same way, Iberdrola, Endesa and Gas Natural leave 0.8% after bouncing almost 3% on Wednesday.
On Wall Street, a day of outstanding earnings, with increases of more than 1% for the New York indexes at the end of a quarter that has not been positive for US equities, although to a lesser extent than in Europe.
Precisely, in the futures market the most important corporate transaction of the day has taken place. CME (Chicago Mercantile Exchange) Group, which controls trading with futures on US Treasury bonds, has agreed to buy its British rival NEX for 3,900 million pounds (5,500 million dollars).
MACRO DATA
At the macroeconomic level, the unemployment rate in Germany has fallen to 5.3% in March from the previous 5.4%. This is the minimum level in the German country since the reunification of 1990. The preliminary CPI for Germany has also been published, which has rebounded up to 1.6%, in line with the forecasts.
In the United Kingdom, the GDP of the fourth quarter rose by 0.4% in the second quarter, to 1.4% in annual terms. A figure that has been in line with expectations.
CURRENCY MARKET
In the currency market, the euro has erased all this week's gains against the dollar, due to a combination of a more cautious tone of several members of the European Central Bank (ECB) on the end of the stimulus, macroeconomic data more soft than expected and push the 'greenback'. The US currency remains firm against its rivals, after the geopolitical front has revealed that the North Korean leader, Kim Jong Un is willing to denuclearize the Korean peninsula.
This was stated by the president of North Korea at a meeting held in Beijing with the president of China, Xi Jinping. The president of the USA, Donald Trump, has published a note on Twitter in which he has indicated that he expects the bilateral summit in a positive spirit.
For years and through many administrations, everyone said that peace and the denuclearization of the Korean Peninsula was not even a small possibility. Now there is a good chance that Kim Jong Un will do what is right for his people and for humanity. Look forward to our meeting!
— Donald J. Trump (@realDonaldTrump) 28 de març de 2018
The dollar has also extended its rebound against the yen, which has come to change hands almost 107 units against its American rival, by the retreat of tensions between the two powers. The yen's decline is more than 1.4% from the 16-month high on Monday and although it advances to the 106.50 exchange rate, its decline has given the Nikkei wings. The Japanese reference index returns to green this Thursday and gains 0.5%, although the Asian stock exchanges present a mixed result at the close, with declines in Hong Kong and the Pacific indices.
