The Ibex 35 opened this Tuesday after being closed last Friday and this Monday. And it has done so with solid increases of 0.66%, to 8,634 points. It follows the Dow Jones and S&P which set new all-time highs on Wall Street, where increases of over 1% were seen in all indices. In the rest of Europe the increases are 0.9% on average, while in Asia the day has been mixed. China has seen a good services PMI for March, which has risen to 54.3 from 51.5 and against the estimate of 51.7.
- 11.154,600
- 1,56%
The International Monetary Fund (IMF) publishes its new global outlook report on Tuesday in the framework of the Spring Assembly of the IMF and the World Bank that begins today.
The US Secretary of the Treasury, Janet Yellen, will participate in this meeting. Yellen on Monday urged the adoption of a minimum tax on global corporate income after 30 years of widespread tax cuts for large companies. This fiscal initiative and the economic challenges in the face of the crises caused by the pandemic are expected to be discussed at this meeting.
This Tuesday's agenda also includes the unemployment data for Spain for March, as well as the unemployment rate for the euro zone for February. Also, today the Reserve Bank of Australia has decided to keep rates unchanged at 0.1%.
WITH THE 9,000 AS A GOAL
The Ibex will start this Tuesday from 8,577 points after ending last Thursday flat, with very slight falls of 0.03%.
The experts at Bolsamanía continue to think that the selective will continue to advance towards the annual highs and, later, towards 9,000 points.
"It seems very likely that we could end up seeing an attack on the annual highs that it presents at 8,740 points. Going over these prices would make us think of an extension of profits to the 9,000 point level," says Cesar Nuez, analyst at Bolsamanía and head of Trader Watch.
CREDIT SUISSE CUTS DIVIDEND OVER ARCHEGOS SCANDAL
Credit Suisse announced on Tuesday the cut of the dividend and the resignation of several executives after weighing the heavy losses derived from leaving the Archegos fund liquidation.
The Swiss bank has announced that the investment bank's CEO, Brian Chin, and its chief risk and compliance officer, Lara Warner, will be stepping down with immediate effect.
"Following the US-based hedge fund issue, the Board of Directors modifies its proposal for this agenda item, proposing to distribute a reduced total ordinary dividend of 0.10 gross Swiss francs per share, half charged to retained earnings and the other half charged to capital contribution reserves, "the bank added in the statement.
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