Upward movements, but with great caution, in the European stock markets. Although the market consensus believes that the worst of the banking crisis is over, the macro is once again gaining weight in investors’ minds and there are still many doubts about the future of the central banks’ monetary policies in their fight against inflation.
Against this backdrop, and in a week that seems to be less active due to the Easter holidays, the European stock markets maintain timid rises which, in the case of Spain, led the Ibex-35 to rise 0.28% on Tuesday, up to 9,183 points.
That is to say, a new failure when it comes to attacking the 9,200 that he had touched in the best moments of the session. And that investors had the support of the respite in oil prices, which slowed the sharp rises on Monday after learning of OPEC’s decision to cut production again.
At the close of the session, the Brent barrel, a reference in Europe, fell 0.5% to 84.4 dollars, while the US West Texas still moved around 80 dollars.
Doubts now come, above all, from macroeconomic references. Particularly worrisome this week were the US manufacturing PMI data, which indicate some contraction in activity. Specifically, they fell to 46.3 points (50 are the ones that mark the separation between contraction and growth), at a minimum of three years.
Within the Spanish stock market, Cellnex led the increases with an advance of 2.84%, after unlocking the search for a new CEO on the board. BBVA (+1.75%), Fluidra (+1.70%), Rovi (+1.66%), Indra (+1.20%) and Acciona Energía (+1.01%) followed the value in the top of the table.
On the opposite side, investors are taking profits in Repsol, which fell 3% after leading gains on Monday. ArcelorMittal (-2.46%), Acerinox (-1.93%), Grifols (-1.78%), Meliá (-1.51%) and Solaria (-1.35%) were the following in the share low.