The Ibex and the rest of the European stock markets – with the exception of the Ftse 100, which remained closed yesterday – rose this Tuesday (Ibex: +0.8%, 17,499 points) after Monday’s sharp falls on this side of the Atlantic while oil skyrocketed again as tension in the Strait of Hormuz intensified. Wall Street also experienced a day of cutshigher in the Dow Jones. At this time, American futures are trading with contained increases. Tuesday’s session features several names in Spain that investors are watching with interest. First of all, Sabadellthat announced a 29.1% drop in first quarter profitdue to the decrease in the interest margin and the impact of extraordinary costs, such as the early retirement plan in Spain. Even so, the bank maintains its profitability and shareholder remuneration objectives. In second place Unicajawhich has earned 161 million until March, 1.4% more, and which has raised the pay-out for the year to 95%. And, thirdly, Gathered Tubeswhich this Monday night announced what was already anticipated, that has declared bankruptcywhich has led the National Securities Market Commission (CNMV) to suspend its listing. Also pay attention to other companies, such as Prosegur, which has also published results. Within the Ibex, the increases in Indra, 4%, in Amadeus, IAG, ACS and Telefónica. On the negative side, no value stands out particularly. Sabadell and Unicaja, who started the day falling, are now recovering. Outside our country, the protagonist is HSBCwhich has disappointed with its results and estimates. Furthermore, in the US today the accounts of amdwhich will arouse special interest. Palantirwhich announced last night, has skyrocketed its profit and income, but has fallen in the ‘after-hours’ market as experts say that its valuation is already very demanding after its good performance on the stock market.
TYPE DECISION AND MORE
Beyond the corporate sphere, today investors analyze the decision of the central bank of Australia, which has raised interest rates to 4.35% due to high inflation. The decision was in line with what was expected. Eight members voted in favor of the increase, while one chose to keep rates at 4.1%. As for other matters on the agenda, pay attention today to the unemployment in Spain for April (unemployment falls by 62,668 people). In the United States, the PMI services and composite for April are published, as well as the ISM services. Also pay attention to the JOLTS job offer and job rotation survey for March on the other side of the Atlantic. Likewise, today the President of the European Central Bank (ECB), Christine Lagardewith a conference in Frankfurt.
IRAN
In the chapter of the war in Iran, investors remain very attentive to everything that happens. This Monday, global markets experienced a day of tension due to the deterioration of the fragile ceasefire between the United States and Iranafter EUnited Arab Emirates attacked with Iranian drones and missiles and Washington claimed to have sunk Iranian vessels in the Strait of Hormuz. The escalation was accompanied by harsh warnings from President Donald Trump, who said in an interview that Iran would be «wiped off the face of the Earth» if he attacked American ships that protect commercial traffic in the area. In addition, he noted that a South Korean cargo ship had been attacked in that same maritime passage.
OTHER MARKETS
The euro is exchanged at 1.168 dollars (-0.08%). Oil falls after yesterday’s increases. Brent fell 0.6% ($113.73) and West Texas dropped -1.6% ($104.64). Gold is up 0.4% ($4,552) and silver is flat ($73.46). The yield of the 10-year American bond falls to 4.438%. Bitcoin remains at $80,000 ($80,805) and Ethereum is trading at $2,371.
