The Ibex 35 has started the session on Tuesday with a rise of 1.1%, which has led the selective to stand at 7,793.60 whole at 9:51 am, with crude also rising, after ‘black Monday ‘marked by the oil war and the economic impact of the coronavirus, which caused a panic session in the stock exchanges with falls around 7%. In this context, Ibex 35 started the session with an eye on the psychological height of 7,800 points, with all the values in green, after closing yesterday its fourth biggest drop in history, with a collapse of 7.96%.
After the panic and nervousness that took over the markets yesterday, the European exchanges have opened the day, as well as the selective Madrid, in green, with increases of 0.6% for Frankfurt, 1% for London and Paris and of 0.8% for Milan, after closing the Nikkei index with an advance of 0.85% and the Shanghai Stock Exchange, with increases of 1.8%. Investors will be attentive this week to the meeting of the European Central Bank (ECB) and its decision on interest rates to deal with the coronavirus, after the surprise decision of the Federal Reserve (Fed) of the United States to lower half a point Interest rates
In fact, the president of the United States, Donald Trump, will ask Congress to approve a reduction of the withholdings in the payrolls of workers to alleviate the economic consequences that the outbreak of the new coronavirus can cause in the workers and thus combat labor absenteeism for fear of contracting the disease. In the first stages of this Tuesday’s session, the biggest increases in Ibex 35 were for IAG (+ 2.84%), Acerinox (+ 2.74%), Mapfre (+ 2.27%), Santander (+ 2.22%), Aena (+ 2.17%), Sabadell (+ 2.12%), Mediaset (+ 2.06%), BBVA (+ 1.96%) and Caixabank (+ 1.90%) . Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, was rising and was at $ 36, while Texas was at $ 32, after yesterday’s collapse. Likewise, the Spanish risk premium stood at 111 basis points, with the interest required of the ten-year bond at 0.3%, while the euro against the dollar was placed at 1.1390 ‘green notes’.