Europe closed the stock market week in green, pending the elections in France

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In Europe, the big stock markets managed to close the week in green, with special attention to the result of the French elections, which enter their second round on the 24th. Emmanuel Macron re-imposed himself as the winner of the first round of the French presidential elections , despite the fact that he did not obtain an absolute majority and will have to face Marine Le Pen in the second round to revalidate his current position at the Elysee. The stock market ended the last session of the week with a rise in the European financial markets, with a Euro Stoxx 50 up 1.48%, to 3,858 points and with an annual return of -10.2%. The Ibex 35, driven by bank securities, achieved a somewhat higher rise and closed 1.64% higher, at 8,606 points, and correcting only 1.2% in the year, with an excellent relative performance. At a sector level, the biggest gains were focused on banks, energy and raw materials, while on the other hand they corrected media and travel, with a lower rise also for personal consumption and telecoms. As for securities, the Spanish stock market highlighted the rise in banks, with Sabadell, Santander, Bankinter and Caixa, along with Iberdrola and, above all, Repsol (+5%), after the rise in the price of Brent. On the downside, the worst performance was for Grifols, Pharmamar, Cellnex, and Almirall. In the Euro Stoxx 50 stocks such as Sanofi (+4.5%), CRH, Philips, ENI and Kone rose strongly, while Adyen, Prosus, Infineon and Flutter underperformed. On Wall Street, US stocks rose at the European close, but turned around moderately at the end of the session, closing 0.27% lower, at 4,488 points in the case of the S&P 500, which fell 5.8 % of the total for the year. Likewise, it corrected in particular the technological Nasdaq, which closed the session 1.34% lower. With new data on Covid-19 infections in China, European futures marked a slightly lower opening at the beginning of the week. On the Asian front, China is immersed in the fight against the advance of inflation and with the levels of infections by Covid-19 at maximum. Meanwhile, in the United States, yields on treauseries continue to rise, given signs of a more aggressive policy from the FED. INFORMATIONTitleEurope closed the stock market week in green, pending the elections in FranceDescriptionIn Europe the big stock markets managed to close the week in green, with special attention to the result of the French elections, which enter their second round on the 24th. Author GLOBALCAJA

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