The selective rebounds 0.7% after four consecutive falls
European stocks are picking up the evidence of Wall Street’s gains, with a XXX advance for the Ibex-35 looking to catch up on a week in which the selective failed to finish a single positive session. Close.
Within the national trading floor, Acerinox will be one of the protagonists of the day, after the Bloomberg agency announced that ArcelorMittal steelmaker Aperam is studying a merger with the Spanish company.
The data that will mark the final evolution of the market is the May employment report in the US, which will basically provide new clues about the future of the Federal Reserve’s (Fed) withdrawal policy. For now, the consensus expects the country’s economy to have created 325,000 jobs in the period, compared to 428,000 the previous month.
That same Thursday, Fed Vice President Lael Brainard assured CNBC that controlling inflation is a priority and that the agency is “unlikely” to take a break from its current cycle of rising interest rates. interest rates, although he acknowledged that everything will depend on the macro data being updated.
Investors are also closely following the evolution of the oil market, following the volatility in Thursday’s session after learning that OPEC reached an agreement to increase production to offset the shutdown of Russian exports. The barrel of Brent, a reference in Europe, remains above USD 117, while the American West Texas falls slightly to USD 116.3.
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.
