The Ibex, against the current of Europe, ends on Tuesday at annual highs

The Ibex has swam against the current of Europe this Tuesday and has closed with a 0.63% increase, revalidating the annual highs by going over 8,756 points. The rest of the stocks of the Old Continent have ended with falls of between 0.1% and 0.4%. Within the selective, the increases in Santander, Siemens Gamesa or CaixaBank and the decreases in Amadeus or Mapfre stood out. In the Continuous, Duro Felguera has risen eagerly (+ 722%), amid the news that indicates that the bank has unlocked his rescue.

This Tuesday the day is marked by relevant business results, such as UBS - it achieved a net profit of 1.8 billion dollars in the quarter hit by the Archegos scandal - or those of HSBC - it exceeded expectations, with an increase in profit before 79% tax. In addition, the results of Tesla continue to kick, which falls 3% despite beating estimates with its income (10.3bn dollars). The company sold part of the bitcoins it bought at the time in the first quarter, generating net profits of $ 272 million. Across the Atlantic, Microsoft and Alphabet figures are released.

Today it is news that Germany and France present their recovery plans jointly before sending them to the European Commission, while Spain will approve its in the Council of Ministers. Italy has already presented its Plan to Brussels.

CENTRAL BANKS

This Tuesday begins the two-day meeting of the Federal Reserve (Fed), whose conclusions will be known tomorrow and for which no news is expected. In addition, the Bank of Japan has met this morning and has kept its monetary policy unchanged.

"The Bank of Japan kept monetary policy unchanged, while raising its growth forecast for 2021 to 4%, from 3.9%, despite concerns about a double recession as a result of new restrictions imposed by the increase in coronavirus cases in some areas of the country ", CMC Markets experts explain in their daily report.

THE CONTRAST WITH INDIA

While in the US and Europe the evolution of the pandemic 'is improving', in other areas of the world it is not. The 'better' situation in these territories contrasts with the growing concern about reality in India. "It seems absolutely horrible and it will probably get much worse before it gets better. Its consequences could extend beyond the borders of the country," CMC markets warned.

"Gilead has increased its supply of remdesivir to India as the situation continues to worsen there. The company will also help laboratories expand their local manufacturing capacity, something that is desperately needed. The US is going to export 60 million of AstraZeneca vaccines once cleared by legislators. Concerns continue about how the outbreak of coronavirus cases and rising death toll will influence the Indian economy and the global economy. " adds Naeem Aslam, chief analyst at AvaTrade.

The European travel and leisure sector performed well on Monday due to these better forecasts on the evolution of the virus, together with the news that vaccinated US tourists will be able to enter the European Union this summer. The airlines were particularly favored by this information.

This Tuesday there is more positive news about the Covid as France announced it will gradually reopen its restaurants between May and the end of June. It is also reported that the United States could ease restrictions on the use of masks for those vaccinated.

Today's macro agenda contains few relevant references.

OTHER MARKETS

The euro trades at $ 1.2083. Oil rose 0.6%, to $ 66.03 for Brent and $ 62.34 for West Texas.

Bitcoin rises to $ 54,700 (+ 1.5%). "JP Morgan's announcement to offer the active bitcoin management fund to its wealthy clients has shown traders how wrong Wall Street banks were in criticizing bitcoin. These banks have no choice but to offer digital assets to their customers. customers if they want to serve them, "explains Aslam. Ethereum is up 2.3% to $ 2,549.

Gold and silver are flat at $ 1,780 and $ 26.28, respectively.

The yield on the 10-year American bond stands at 1,581%.