The selective recovers 8,300 points in a day of maximum volatility
Maximum volatility in the financial markets. But this time to end the session on a positive note. The Ibex-35 accelerated its gains at the end of the day with a gain of 2.13%, bringing the chart to 8,312 points. A level nearly 180 points away from the intraday lows characterized by selective, showing that nervousness is still very much in investor mood.
Caution prevailed before the release of US inflation data, which has come to confirm the difficult balance that central banks must try to stop the upward price spiral without hindering economic recovery.
In particular, the CPI moderated to 8.3% in April, compared to 8.5% in March. But the data surpasses the 8.1% analysts had expected. Something that initially caused investors to undo positions in the stock markets, only an hour later to strongly stimulate buying again.
On the national stock exchange, with almost all values positive, Acerinox’s good performance stood out, rising more than 6% after announcing a net profit of 266 million in the first quarter of the year. Historic numbers for the company multiplying by more than three what was obtained in the same period of 2021 and 34% more than in the previous quarter.
However, Solaria and Almirall were the leading stocks with advances of 7.4% and 6.7% respectively. On the other side stood only Red Eléctrica, with a slight drop of 0.08%.
Meanwhile, oil prices recovered strongly in the commodities market after two days of sharp declines. In Europe, the Brent-type barrel rose by 4% above USD 107, while the American West Texas, which lost USD 100 on Tuesday, is again above USD 105.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
