Categories: Stocks News

The Ibex 35 falls back to 7,700 points, weighed down by another battery macro bearish

Investors walking down the path of consolidation despite its many resistances. The setback arrives in Europe after the comebacks accumulated in the last few sessions to get to know a new battery macro data weak what is expected for Germany. The Ibex 35that in the opening he was fighting for the conquest of 7,900 points, yields near 2% and was closer to 7,700 points.

Between the shooting down of the index, the insurer Mapfre, which lost more than 3%, and the set of financial securities, especially CaixaBank and BBVA. Meanwhile, IAG is maintained in the gap upward one more session with gains of 3% after news that Hong Kong will come to the financial rescue of its flag carrier Cathay Pacific.

Situation mixed on the asian markets saw the Nikkei falling 0.66%, while the Bag Sidney rises 2.55%, and the chinese average of 0.50% with a Hang Seng has risen to 1.20%.

For its part, the future americans down 0.05% and the Dax 0.37% while the Euro Stoxx rises 0.30%. This leaves us with a scenario very neutral for our selective English face to an opening but that points to the area around the 7.940 points and we’ll see what happens after the opening in the first hour of hire.

From the macro point of view, we will have the rate of unemployment in Switzerland in the month of may (3.5%) and the balance of trade in Germany to the 8 of the month of April (10,000 million). Then we need to be attentive to the 11 of the morning to the GDP in the first quarter of the Euro area (-3,8%) and the meeting of OPEC, which begins at noon.

Already in the afternoon, we will have the data of the survey JOLT of job vacancies in April in the united States at 16 hours (5 million) and half an hour later we are conference a member of the monetary policy committee of the Bank of England.

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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