The European stock markets rebound this Thursday and leave behind the falls of the last session. In the case of the Ibex, the increases are somewhat more moderate, although it is moving above 9,000 points, a level that it has lost at various points in the session. This, after Wall Street was able to recover in the last bars of the day (although it ended yesterday with slight cuts) as the 'cryptos' also reacted after the bump.
- 11.154,600
- 1,56%
Ethereum sank 40% and bitcoin 30%, hitting a low of $ 30,000. Now, it's back to levels of $ 40,000. The excuse behind this latest collapse in 'crypto' has been regarding the concerns about the negative stance of Chinese regulators regarding the use of cryptocurrencies by financial institutions, without forgetting everything done and said by Elon Musk in relation to the bitcoin recently.
Returning to the Ibex, Siemens Gamesa, Cellnex, Endesa and Solaria are the titles that rise the most, while IAG, ArcelorMittal, Repsol or Telefónica lead those that do the worst. In the Continuous, Codere increases after publishing results stand out.
Yesterday there was a strong sell-off session throughout Europe without a compelling reason beyond the volatility to which we are already beginning to get used to. "Investors remain trapped in 'no man's land', hovering between optimism about the economic reopening and concerns that central banks are acting too late to deal with inflation," says Michael Hewson, chief analyst at CMC Markets in London.
As for the minutes of the last meeting of the Federal Reserve (Fed) that were known this Wednesday, with the European stock markets closed, the central bank officials are quite optimistic with the economic recovery of the United States, so much so that several are willing to reduce the massive buying of bonds "at some point".
"Several participants suggested that, if the economy continues to move rapidly toward the Committee's goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan to adjust the pace of asset purchases," according to the minutes of the meeting. last April 28.
In the view of CMC Markets, "Heading into the fall, the Federal Reserve seems likely to reduce its $ 100 billion a month bond buying program, assuming the US economy runs its course, and the market should not fear it, as it would suggest that the recovery is underway. "
In Asia, a mixed day in which the Central Bank of China has maintained rates. In Japan, a series of relevant macro data has been known. Exports grew 38% in April compared to the forecast of 30.9%.
The data schedule for this Thursday includes weekly unemployment claims in the US, which have fallen more than expected, to 444,000. In addition, Christine Lagarde, president of the European Central Bank (ECB) will speak.
LIMIT THE CEO OF TIKTOK
Zhang Yiming, co-founder of ByteDance (owner of TikTok), will step down as CEO and take on a new role, the company reported on Thursday.
Another co-founder, Liang Rubo, who is currently head of human resources, will take over as CEO of ByteDance globally and Zhang will move to play a key role in the strategy by the end of 2021.
"There are still many things that we need to improve, and I believe that someone else can better drive progress through areas such as improving daily management. The truth is that I lack some of the skills that make an ideal manager." Zhang said in a note to employees.
OTHER MARKETS
The euro is now trading at $ 1.2188. Oil is down 1.6%, to $ 65.42 for Brent and $ 62.29 for West Texas.
Bitcoin is up 13% (41,870), as is Ethereum ($ 2,945).
Gold and silver lose positions, up to $ 1,867 and $ 27.69, respectively.
The yield on the 10-year American bond stands at 1,662%.
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