The European stock markets are holding up on a day when Unicaja Banco makes its debut in the selection
European equity markets are seeing tentative gains in the final week of the year, shorter than usual after the bank holiday close on Monday and with the London stock market also closed on Tuesday, which may reduce volume. The Ibex-35 is up 0.35% and is above 8,300 points in a session characterized by the scarcity of relevant macroeconomic references.
Most stocks were in the green, led by Repsol (+1.82%), Meliá Hotels (+1.36%), ArcelorMittal (+1.26%), Aena (+1.25%), Acerinox ( +1.2%) and IAG (+1.09%).
Another key player of the day is Unicaja Banco, which replaces Siemens Gamesa Renewable Energy on the Ibex 35 after the outcome of Siemens Energy’s voluntary public takeover bid (OPA) for SGRE was announced. The entity will become the sixth selective bank, along with Santander, BBVA, CaixaBank, Sabadell and Bankinter. The titles are up 0.10%
Investors are thus relying on the process of opening up mobility and social activity in China to stimulate purchases, although experts warn that it will be necessary to closely monitor whether the country’s authorities are able to control the number of purchases at the same time . infections with the coronavirus.
“We believe this week will be a transition week, with a very low volume of activity, impacted by the holidays in some of the major European equity markets and by the holidays of many investors who, in our view, have already decided to take the year after the internalization of the previously indicated message from the central banks,” they indicate from Link Securities.
However, they believe there may still be some composition of the portfolios with the aim of repositioning them for next year. We think the fact that there is less activity could increase the volatility of the sessions, something that is also typical of the Christmas period we are in.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
