After the worst start to the year for the stock market since the pandemic, investors are already discounting a recession in the world’s leading economies
Back and forth session for the Ibex-35, which has outperformed European markets against the downward pressure from Wall Street. Faced with the losses in the markets of the Old Continent, the Spanish selection is up 0.4% and tries to maintain the 8,100 points, with investors “already without exceptions” avoiding a future recession.
After finishing the worst start to the year since the pandemic with losses of almost 7% in the semester -and 8% in June-, Link Securities analysts say that the behavior of financial markets from now on will largely depend on how the macroeconomic scenario evolves, especially how inflation develops.
But “what publicly traded companies say when they release their Q2 numbers and their views on how they see the future of their business in the short/mid term will also be highly relevant to the evolution of stocks in the short/mid term. ” What’s left of the exercise?
In any case, and after a first half full of uncertainty, the first session in July will not be indicative of the trend ahead. Especially since next Monday is a holiday on Wall Street, so we’ll have to wait until July 4 to see if investors are willing to increase their exposure after the declines.
Currently, July starts with the boost of Iberdrola (+3.07%), Sabadell (+2.94%), IAG (+2.83%), Endesa (+2.75%) and Aena (+2, 14%) representing the increases in the national stock market. At the bottom of the table, Rovi, Meliá and Indra stand out, losing by
Meanwhile, in the commodities market, the price of a barrel of Brent oil, a benchmark for the old continent, was quoted at $110.81, up 1.63%, while the US West Texas stood at $107.35. an increase of 1.5% .
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.
