The selective adds 4.7% in the accumulated of a very positive week marked by the recovery of the banks
Global equity markets have found a lull this week from strong previous tensions. Analysts expect volatility to remain highly prevalent in the market. But the prospect that runaway inflation has already peaked and analyzes pointing to a drag on Fed rate hikes after the summer have seen indicators like the Ibex-35 return to positive as the year progresses. become.
The selective adds five consecutive sessions of gains thanks to the upward pull of the banking sector. And this week, through the end of Thursday, there was a revaluation of 4.7%. A very positive streak that could entice investors to take profits today. At the moment, the Ibex advances 0.2% to 8,919 points, a new annual maximum.
With a very limited business agenda, this afternoon’s release in the US of the personal consumer price index, the PCE, will be the main event of the day for investors for April.
Link Securities analysts recall that the consensus expects both the annual growth rate of the PCE and the underlying asset to have declined significantly from March, in the former from 6.6% to 6.3%, and in the second. second case from 5.2% to 4.9%.
“If this fact is confirmed, which would support the hypothesis used by many economists that US inflation peaked in March, we think the response from the markets will be positive, which, at least in the short term, The main European and American stock indices continue to recover some of the lost ground of the past two months”, the experts indicate.
Meanwhile, the oil price on the commodities market remains stable with a barrel of Brent, a benchmark in Europe, above USD 113, while the US West Texas is around USD 112.
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.
