The Ibex and the rest of Europe rise with strength as coronavirus spread rate slows

In Europe it seems that the situation is improving little by little

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Bolsamania | 06 abr, 2020 09:45 - Actualizado: 18:17
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IMBA/TIBOR KULCSAR

The European indices rise eagerly this Monday (Ibex: + 4%; Dax: + 4.4%; Cac: + 3.4%), while Wall Street also registers a strong rebound of 4%, given the gradual decrease in coronavirus cases in Europe. Within the Spanish selective, practically no security is negative and ArcelorMittal, IAG, MásMóvil or BBVA recorded increases of between 8% and 11%.

IBEX 35
11.473,900
  • 0,33%38,20
  • Max: 11.485,70
  • Min: 11.446,20
  • Volume: -
  • MM 200 : 11.299,24
14:00 24/12/24

Italy, which was the epicenter of the pandemic of the Old Continent before Spain exceeded it in number of cases, reported on Sunday the lowest number of daily deaths by Covid-19 in more than two weeks, notes Reuters.

Germany also reported on Sunday, for the third consecutive day, a decrease in the rate of new cases, while in Spain the rate of new infections and deaths continued to decline; The increase in the number of deaths on Sunday represented a 6% increase in total deaths, about half the rate recorded a week ago.

"This week's and today's data confirm the slowdown in infections," Health Minister Salvador Illa said at a press conference. "The data confirms that the containment is working," he added.

Meanwhile, in the UK, Prime Minister Boris Johnson was admitted to a hospital for examination on Sunday, 10 days after contracting the coronavirus. A Downing Street spokesman said it is a "precautionary measure" as the prime minister continues to have persistent symptoms of the virus.

In the United States, however, cases continue to rise (although some improvement has been seen in New York). The director general of public health of the US Government, Jerome Adams, warned this Sunday that the country will experience next (this) week a "moment like Pearl Harbor, like 9/11" in terms of deaths waiting for the coronavirus crisis.

In another order of things, oil is losing positions this Monday (-2.9% on average) after last week's high before a possible production cut agreement between Saudi Arabia and Russia and before the OPEC + meeting scheduled for this Monday. However, this meeting has been postponed and is now scheduled, in principle, for Thursday. Despite this, Russia's Direct Investment Fund has said an agreement for a production cut between the two sides is "very, very close."

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