Saturday, June 25

Sales are imposed on purchases on European exchanges

After yesterday’s “relief rally” in the European equity markets (for the second day in a row, the main indices closed with significant gains), today the markets are opening lower.

Specifically, the DAX yields -0.32% in the 15,762, the FTSE 100 opens flat at 7,340, the CAC 40 it lost a slight 0.02% at 7,064.12 and the EURO STOXX 50 lost 0.18% to 4,268.45. For its part, the IBEX 35 opens this Wednesday, a holiday in our country, with slight falls of 0.39% in the 8,525.90 and the italian bag falls by 0.38% in 27,034.

In any case, for many analysts yesterday’s increases were very strong and some initial consolidation is normal.

On the other hand, although it was known yesterday that Pfizer’s vaccine is much less effective against Omicron but continues to maintain its effect, it is something that was already known yesterday before the Wall Street closing.

So far, so far this week, these indices have recovered much of what they yielded since “Black Friday”, the day after Thanksgiving in the US, when the WHO announced that a A new variant of the coronavirus of Chinese origin that presented multiple mutations and was later classified as a “variant of concern” and baptized with the Greek letter Omicron. The fact that everything seems to indicate that this variable, even though it is more transmissible than Delta, causes much milder symptoms, thus avoiding hospitalizations, has substantially reduced investors’ fear of its potential impact on the already weakened sector. global economic recovery.

In addition, the fact that the People’s Bank of China (PBoC) has decided to support the country’s economy by allowing credit institutions to release part of their reserves in order to increase credit for companies and individuals, as well as the announcement of That China’s highest monetary authority, always, of course, with the approval of the Government and the Communist Party, is determined to adopt additional measures to boost growth, were also factors that had a very positive influence on the behavior of the companies yesterday. western bags.

Other markets

Yesterday in Wall Street, the main indices of the US stock market end the session on Tuesday positive. The DOW JONES rose 1.40% to 35,719.43 points, the S&P 500 rallied 2.07% on the day, its biggest daily rise in the stock market since March, and reached 4,686.75 units. Finally, the NASDAQ rose 3.03% to 16,325.66 points. This Wednesday, American futures also arrive with increases of 0.10% for the Dow Jones, 0.19% for the S & P500 and 0.31% for the Nasdaq.

On Asia, the bulls have once again “taken control” of the session in Asia. Bulls have been imposed in most of the large squares of the continent, favoring indices such as the Japanese Nikkei or the Hang Seng de China have moved away from the lows that marked this month between 3 and 4%. The yuan continues to revalue, until reaching the € 0.139 per unit, again touching highs not seen since March 2016, after the two devaluations of the Chinese currency. With this rise, it has already accumulated a revaluation of more than 10% against the European currency so far this year. With the dollar, it marks the maximums of 2018.

The Hardly, known as the fear index, yesterday registered a severe decline to reach its lowest level so far this month. The selective, in fact, fell to 21.8 points, a level that is slightly above the average registered over the last 12 months, which is slightly below 20 points.

At oil market, crude oil brings falls. Specifically, the futures of the Brent trade with falls of 0.78% at 74.85 dollars per barrel, while those of the West Texas they yield 1% at $ 71.33.

In the cryptocurrency market, Bitcoin is slightly down 0.85% at $ 50,495.4. However, the forecasts for some analysts are good and they see that the recovery of 50,000 can make one think again about the forecasts of Bitcoin in the 100,000 dollars before the end of the year.

At by EUR / USD, the euro is trading 0.23% higher on 1.1289 greenbacks.

Agenda of the day

They wait appearances of various members of the ECB –Lagarde, Guindos and Schanabel- during the morning, but there will be no macro data of depth at the European level, with the exception of non-farm payrolls in France.

On USA, the data to follow will be the MBA mortgage application rate (Weekly) and IEA crude oil inventories.

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