The selective rebounds 1% and hooks the 8,700 points with the pull of the banks and Iberdrola
Volatility is still very much in global markets with sharp falls on Wall Street Tuesday, especially in the technology sector (due to the Sanp collapse), which weighed on the behavior of European indices. However, the Ibex-35 managed to escape the blow with a slightly bullish close. The selective stands this Wednesday for the fourth consecutive day of progress with increases of 1% to 8,718 points.
Financial stocks, with Sabadell and Santander in the lead, along with Iberdrola, up more than 2%, are leading the market gains, with more moderate gains in the rest of the European markets.
Investors are taking advantage of the calmness in the debt markets, with a marked slowdown in the rise in bond yields (which moves inversely with the price), to take new positions. But the rollercoaster that the stock markets have become in recent weeks is still very much with traders’ sentiment.
Caution can therefore be exercised as the session progresses and in anticipation of the main reference of the day, the minutes of the last meeting of the US Federal Reserve (Fed), which will be known while European markets are already closed and therefore it will be will not be quoted until Thursday.
Investors are also closely following the comments from key business and political and economic leaders gathered at the Davos Forum, issuing harsh warnings about the impact of the war in Ukraine on the global economy if the conflict continues over time.
Meanwhile, the commodities market resumes gains with the Brent barrel, a benchmark in Europe, which trades at $111.5, while the US West Texas is close to $110.5.
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.
