The drop in oil revives the stock market

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Posted on April 5, 2022 In the Equity market, the European stock markets ended last week with a positive trend, on the first day of April and for the week as a whole, due to the fall in the price of oil and the negotiations on war. In the commodity market, oil broke the fall thanks to the release of reserves. The Euro Stoxx 50 closed the session with a rise of 0.41%, to 3,918 points, while the Ibex 35 advanced 0.69%, to 8,503 points. In the Euro Stoxx 50, the rises of Prosus stood out, with an advance of 4.70%, followed by Banco Santander (+2.61%), Vonovia (+2.10%) or Deutsche Telekom (+1.84%) . The main losses occurred in securities such as Deutsche Post (-2.41%), Hermes (-1.63%) and SAP, with a fall of 1.35%. The Ibex 35 managed to maintain 8,500 points and has already added 2.08% during the last week. Within the Spanish selective, among the sectors that pushed the index the most, the financial sector stood out, with CaixaBank (+3.15%) and Santander (2.61%), after maintaining its forecasts and the dividend for this year at the shareholders’ meeting . The rises of PharmaMar (+5.00%) and Inditex (+1.67%) also stood out. Wall Street closed the session positive on Friday, in a week marked by indecision where the Dow Jones rose 0.40%, the S&P 500 advanced 0.64% and the Nasdaq pointed 0.29%. In China, the financial capital of Shanghai came to a standstill on Friday after the government confined most of the 26 million population, with the aim of stopping the spread of the new Covid-19 outbreak. 7,788 new daily asymptomatic cases of local transmission were reported, compared to 6,501 the previous day. Beijing allowed foreign-listed companies to share financial data with regulators in those countries, easing the standoff with US auditors and avoiding their banishment from Wall Street. INFORMATIONTitleThe fall in oil revives the stock marketDescriptionIn the Variable Income market, the European stock markets ended last week with a positive trend, on the first day of April and throughout the week, due to the fall in the price of oil and the negotiations About the war. Author GLOBALCAJA

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