Investors traded without the Wall Street benchmark on Monday, closed for a holiday
Investors are starting a new week at half strength, without the reference from Wall Street, closed this Monday for the President’s Day holiday. Investors are taking advantage of this to build up positions after five consecutive ascent sessions in which the selective 9,300 points appeared to want to consolidate.
However, Monday’s withdrawal of positions left the indicator stuck at 9,281 integers, after falling 0.55%.
The market is already waiting for new business references from large listed companies that continue to roll down their accounts these days. Among the most anticipated, those of giants such as Enagas, Iberdrola, Telefónica, Endesa, Amadeus and IAG.
Precisely, several of these values stood out among those exerting the greatest downward pressure during the session, with Telefónica down 0.7% and IAG over 2%. Both companies have made strong gains in the stock market in recent sessions and so far this year they are up 11.5% and 32% respectively, with what seems logical to take some profit before knowing their results. However, it was the banks that led the declines, with Bankinter losing 2.66% and Sabadell losing 2.23%.
Fluidra led the gains with an increase of 0.91%, followed by ArcelorMittal (+0.78%), Logista (+0.64%), Solaria (+0.53%), Acerinox (+0.40% ) and Naturgy (+0.34%).
Beyond the business aspect, investor sentiment also remains infused with macroeconomic references that continue to point to the major economies finally succeeding in avoiding a recession.
Of course, they are also beginning to anticipate that rates will stay high for longer than expected, “at least until inflation shows clear signs of returning to the 2% target set by both the Fed and the ECB. », the analysts indicate. of Link Effects.
The key, he says, is to determine “the extent to which more restrictive financial conditions than expected could eventually stop advanced economies from running.”
Meanwhile, a barrel of Brent in the commodities market was up 0.59% to $83.49, while the West Texas Intermediate was up 0.21% at $76.50.
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.
