The Ibex increases by 3.4% in the week and exceed the tariff shock | Financial markets
The tariff truce helps to soften the risks, but does not eliminate them. After weeks Aciaga in which the markets have not stopped falling, investors take advantage of any ray of light to prolong the increases: the start of commercial negotiations, the lowest pressure towards Federal Reserve and the campaign of insuffan results optimism in the bags. The Ibex 35, which had been one of the most resistant to the protectionist indices, tries to squeeze the renewed appetite for the risk. With an increase of 1.3% on Friday, the Spanish selective one on its overcomed tariff shock. The Spanish stock exchange concludes about 13,355.3 points, five above 13,350.2 recorded on April 2, hours before Donald Trump declared the war on the World Economic Order. Session per session, the selective is recovering positions and in the last week it is 3.39%, the profits that reach 15.2%in the year, head of the rest of the European indices.
The contradictory messages that come from the United States and China help to contain euphoria. Investors seek clear signs of understanding, but relationships continue stagnant. In an interview with the magazine TimeTrump has assured that his government is negotiating with China and that the president of the Asian country, Xi Jinping, called him. The information appeared in the press suggests that Beijing would grant some tariff exemptions on US imports, but China did not want to comment. Analysts recognize that there is no fundamental change in perspectives and that the markets cling to noise.
With less intensity than Ibex, the rest of the European share markets joined profits. The German Dax advanced by 0.81% on Friday, while the British Ftse concluded without change. After three consecutive sessions upwards, Wall Street uses the weakness of economic data to pause. On a day when consumer trust has fallen to their lowest level since 2022 and long -term inflation expectations reached the levels of 1991, the US market cites with a mixed sign. “The deceleration of the economic activity induced by rates and the highest financing costs will limit the growth of corporate profits,” said UBS analysts.
The weakness of the last few hours does not obscure the good work of the US variable income in the last week. The S&P 500 adds about 4% while Nasdaq advances by 5.8%. In addition to the moderation of commercial tensions, The United States stock exchange was supported by the attraction of great technologies such as alphabet This Friday advances by 2% thanks to the good results.
Analysts ask for caution and consider that the recovery of the last hours can be a flower. “The apparent negotiating remains of the commercial war e The reduction of tone in tensions with the Fed Mimbri does not seem enough to justify a lasting return on the recovery of risk activities, “says Macroyield analysts. Chriss Iggo, Axa im investment director, which considers the damage caused,” the ability of the United States for the formulation of policies has been ridiculous for recent events. Trump’s shock is not over, “he says.
The calm that breathes the variable income is also transferred to the debt and the currency market. The profitability of the US bonus is replicated at 4.25% and moves away from 4.5% which has come to touch in recent weeks, when the fear of a financial crisis has led investors to cancel their positions in US activities. The accelerated sale of bonds, active shelters in previous crises, forced Trump to retire to his postulates and suspended the application of mutual dimensions for 90 days. The fall of profitability in the last sessions has been supported by the lower pressures of the Republican towards the head of the United States Central Bank, Jerome Powell, and the declarations of some members of the institution that aim to cut the types of types deteriorate. For its part, the dollar ends three weeks and manages to advance by 0.15%.
Greater stability shows the debt of the euro area. The 10 -year German bonus remains below 2.5% with the Spanish reference in the same period in 3.1%. “At a time when the United States government launches almost political messages that, in many cases, generate confusion, the value of having a stable political and economic environment becomes even more evident. The ECB strategy is particularly remarkable to reduce interest rates,” says Sean Shepley, Senior economist of Allianz Global Investors.
Scholarship – Foreign currency – Debt – Interest rates – Raw materials
