The bag of this June 20, 2022

by time news

Investors took advantage of the holiday Monday in the US to recompose portfolios and recalculate strategies. Uncertainties remain the same and doubts about economic growth prevail. But the closure of Wall Street had as a consequence that the Ibex finished with an advance of 1.72% to 8,286.0 points. The buying pressure on bank securities was the first driver of the session in a context devoid of new weighty indicators. The high rate hike by the Federal Reserve has triggered fears of a recession. Fundamentally for the US economy, but some voices are beginning to speak of a possible contagion effect for some European countries if the ECB fails to curb inflation quickly. The greater containment in oil prices is considered a relevant element at times in need of certainty, which largely justified the best session in the Spanish trading floor in more than a month, up to 8,286.0 points. For many investors, the tourism sector is currently a neutral zone in the midst of a battle, with better expectations than others in the face of an uncertain future. IAG rose 6.79%, Meliá, 3.82%, and Amadeus, 2.36%.

Keep reading….

You may also like

Leave a Comment