26.8 C
New York
Sunday, May 22, 2022

The Ibex 35 stops the pending rebound of Ukraine, the Fed… and the Covid

- Advertisement -
- Advertisement -

Yesterday, the Spanish stock market experienced a Monday of increases above one percentage point, with the IBEX 35 closing beyond 8,200 points, encouraged by the optimism shown last Sunday by the Ukrainian and Russian delegations, who are negotiating to reach an agreement of high the fire.

This Tuesday, the day the Fed meeting starts, however, following in the wake of the Asian stock markets and the closure of Wall Street yesterday, the Ibex 35 goes back on the road and opens with a fall of 0.82% at 8,167 points

The largest fall within the IBEX 35 are for Rovi Laboratories, which yields 4.21% to 68.20 euros, Solaria leaves 3.36% to 18.99 and ArcelorMittal subtracts 2.64% to 27.2250 euros . Bestinver begins the accelerated placement of 5% of Laboratorios Rovi.

In positive, only three values ​​in the Ibex: Fluidra, which is 1.175 and 26.05 euros, Naturgy, which is 0.25% and 24.15 and CIE Automotive, which barely picks up and 0.05% loses 19.69 euros .

At Continuous Market the largest increases are for AmRest (6.78%), Aedas Homes (4.29%) and Duro Felguera (3.73%). On the contrary, the biggest falls are for eDreams ODIGEO (-5.84%), Berkeley Energia (-5%) and Azkoyen (-4.48%).

The fact that the peace negotiations between Ukraine and Russia have been postponed until today without any progress, in what has been described by the president of Ukraine, Volodymyr Zelenskyy, as a “technical pause”, for the time being the mood of investors has cooled somewhat. However, further talks between Ukrainian and Russian negotiators to ease the crisis are expected on Tuesday, after Monday’s video discussions ended with no further progress announced. As far as the conflict is concerned, the United States has told China not to provide military or financial aid to Moscow following its invasion of Ukraine, as sanctions on Russian political and business leaders mount and civilians seek to flee heavy fighting over the land.

But now, to the war in Europe, we must add a new concern that seemed already forgotten: the COVID-19. China shocked a sharp increase in daily COVID-19 infections on Tuesday, with new figures that doubled those of the previous day and reached the highest level of the last two years, which raises fears of the increase in the economic costs of the strict containment measures in the country. For its part, Germany today reported a coronavirus incident that reached a record number in seven days, just days before the planned easing of restrictions. The Robert Koch Institute (RKI, for its acronym in German) registered 198,888 new infections, that is, 42,000 more than a week ago, bringing the total number of infections in the country to more than 17.4 million.

On the other hand, Spain will temporarily relax import rules for corn from Argentina and Brazil, the agriculture minister said, to fill supply gaps left by the Russian invasion of Ukraine.

other markets

In Europe, the DAX yields and 0.96%, up to 13,795.89 points, the FTS-100 is left and 1.18%, up to 7,107.80 points, the CAC-40 loses a little more than one percentage point, to 6,293.84 points, the euro stoxx 50 yield more than 1% while the FTSE MiB cede and 0.9%, up to 23,220 integers.

read asian bags They fell after the increase in COVID-19 cases in China affected the confidence of investors, already worried about the war in Ukraine and the forecast of the first interest rate hike in the United States in three years, which could produce this week.

The Shanghai Composite yield 4.95% in the 3,063.97 points, the SZSE Component is left and 3.76% and the Hang Seng from Hong Kong rest and 6.02% in total 18,349.00 points. The Kospi from Seoul is also in red, but it falls less, and 0.91% and in positiveo the Tokyo Nikewith increases of 0.15%.

the chinese economy be rebounded in the first two months of 2022, with key indicators beating analysts’ expectations, although rising omicron cases, weakness in the real estate sector and rising global uncertainty are weighing on the outlook. The industrial production increased 7.5% in January-February from the previous one, the fastest pace since June 2021 and an increase greater than the 4.3% registered in December, data from the National Statistics Office showed on Tuesday. . It compares with the 3.9% rise expected by analysts in a Reuters poll. Retail sales, a gauge of consumption that has lagged since the legacy of COVID-19, are set to rise 6.7% year-on-year due to increased demand during the Lunar New Year holidays and the Winter Olympics. It also marked the fastest pace since June last year and beat expectations for a 3.0% rise in the survey. In December, the increase to 1.7%.

Go oil prices fell to a two-week low on high-fire talks between Russia and Ukraine and concerns about demand in China following rising COVID-19 cases. The Brent today falls 5.13% to 101.42 dollars a barrel, while the west texas cut and 5.01% have lost $97.85.

Closed in red yesterday for financial world. The DOW JONES Ind Average ended the day without opening as an engine, at 32,945.24 points, the S&P 500 subtracted 0.74% to 4,173.11 and the NASDAQ 100 fell 2.04% and at 12,581.22 integers. The Fed’s two-day meeting begins today and investors await announcements on rate hikes. This Tuesday American futures trade with falls of half a percentage point.

In the EUR/USD pair, the euro is trading with increases of 0.67% in the lot 1.1012 greenbacks, while Bitcoin today subtracts 1.72% in the lot 38,408.9 dollars.

agenda of the day

This Tuesday, Germany is going to publish the wholesale price index for February and the ZEW index of investor sentiment for March.

France will publish its CPI data for February and in the euro zone the ZEW will also be released along with industrial production.

Outside the euro, the UK is to publish unemployment data.

In the US, the data to watch will be the February PPI and the Empire State Manufacturing Index. In addition, the focus of attention will be on the start of the two-day meeting of the Federal Reserve. Announcements on rate hikes are expected.

Source link

- Advertisement -

New Articles