March 7, 2021

Stock market analysis: USA and Italy dissipate optimism

Stock market analysis: USA and Italy dissipate optimism



The Ibex 35 adds its fourth day of falls amid widespread pessimism. The US tariff policies and the rebellion of the Italian government explain the doubts of investors. The session this Friday passed without too many shocks until the publication of the employment data of the United States, where we have witnessed the return of unemployment levels until 1969 cotass.

The cross of the session has been carried out by the values ​​linked to the raw materials market and those belonging to the automotive sector. In this sense, Arcelor Mittal, Cie Automotive and Siemens Gamesa have once again been the biggest losers of the day, with falls that in all cases have exceeded 3%. Acerinox and Técnicas Reunidas, also closely linked to the raw materials market, have not had their dream week either. The steelmaker lost again the area of ​​12 euros per share at the end of the session.

On the positive side, Viscofán and Aena have avoided this difficult day with benefits that exceed the percentage point. The utilities meanwhile remain the sector that best withstands turbulence. Enagas, Red Eléctrica, Endesa and Naturgy were once again finishing a positive session. The session has been particularly hard in the European markets, where the Dax suffered more than the peripherals. In the forex market, and after the swings in the EURUSD after the employment data, the world's biggest crossroad ends the week with a very low level of 1.16.

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