The largest falls are recorded by Merlín Properties, Repsol, IAG and Caixabank
Last Friday, investors said goodbye to a week of maximum tension in which volatility was the absolute protagonist with a 200-point gap between the highest and lowest closing level experienced by the Ibex-35.
However, this Monday, the Ibex will start the week with a 0.54% drop, leading to the selective opening at 8,292 integers. This week, investors will pay attention to US retail sales data, which will be released this Tuesday, with analysts predicting a “slight reversal” from previous data, showing a decline in sentiment from the U.S. consumers about economic expectations.
On Wednesday it will be the turn of the CPI of the United Kingdom, which also estimates a cooling compared to March, while the minutes of the last meeting of the European Central Bank (ECB) will be published on Thursday. Also in the penultimate session, data on the real estate sector in the United States will be released.
After closing on Friday with a 1.68% gain, the Madrid selective started the session holding on to the gates of the psychological level of 8,300 points, with most values in the red.
In the early stages of this Monday’s session, the largest declines were recorded by Merlín Properties (-2.04%), Repsol (-1.58%), IAG (-1.24%), Caixabank (-1.31 %), BBVA (-0.82%) and Iberdrola (-0.7%), while Endesa (+0.93%), Colonial (+0.46%), Telefónica (+0.27%) and Acciona (+0.22%).
The rest of the European stock markets opened 0.4% in the case of Frankfurt and 0.5% in Paris and London.
The price of a barrel of Brent oil, a benchmark for Europe, came in at USD 109, down 1%, while a barrel of WTI oil, a benchmark for the US, fell 1% to USD 107. The price of the euro against the dollar was 1.0409 ‘greenbacks’.
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.
