July 3, 2020

The Stock Exchange returns to losses after two positive sessions


Madrid

Updated:

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The Ibex 35 has started the session this Thursday with a fall of 2.31%, which has led the selective to stand at 6,785.10 integers at 9.01 am, on a day again marked by uncertainty about the rapid advance of the coronavirus in Europe and the United States and by the slowdown in activity. The Spanish stock market again loses after chaining two positive sessions.

Precisely in the United States, the Senate has approved the economic stimulus plan of two trillion dollars (1.84 trillion euros) to face the coronavirus pandemic, where more than 65,700 cases have already been confirmed and the number of deaths has increased. reached the thousand.

Analysts will pay attention this Thursday to the data on requests for unemployment benefits from the last week in the United States, where the data on the Gross Domestic Product (GDP) for the fourth quarter will also be released. Likewise, the market will be pending G20 videoconference summit to address the coronavirus pandemic.

In this scenario, the Ibex 35 started the session below the psychological level of 6,800 integers, after yesterday closing its second session in ‘green’ with a rebound of 3.35% and touching 7,000 points and after the Government It will obtain a “green light” from Congress to extend the state of alarm for fifteen days, until April 11.

Most Ibex stocks were trading in red, with Amadeus at the top, which was left at around 6%. CaixaBank, BBVA and Siemens Gamesa were behind Amadeus, with falls above 3%. At the other extreme, few stocks were listed in ‘green’, with Grifols (+ 4.36%), IAG (+ 2%), Repsol (+ 0.93%) and Mapfre (+ 0.93%) standing out.

In this context, the European stock markets have opened the day with falls greater than 2% in the case of Frankfurt, Paris and London after the Dow Jones closed with an increase of 2.39%, the Nikkei, with a fall of 4.51% and the Shanghai Stock Exchange, with a decrease of 0.6% .

For its part, the price of a quality barrel Brent, a benchmark in Europe, started the day down to stand at $ 26, while the West Texas Intermediate (WTI), a benchmark for the United States, was trading around $ 23.

Likewise, the Spanish risk premium stood at 112 basis points, with the interest demanded on the ten-year bond at 0.8%, while the price of the euro against the dollar stood at 1.0940 ‘green bills’.

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