Day full of references and somewhat chaotic today’s Thursday. And it is that An incident in SIX is preventing the Ibex price from being displayed correctlyas BME sources have confirmed to this medium. Thus, now the data shows falls in the selective of 5% that are not correct. The Spanish stock market operator has indicated that They are working on fixing the bug. The Ibex values, however, do trade normally. The worst is Indra after publishing results (-3%) followed by Cellnex (-2.6%). On the positive side, Repsol is the best due to the increases in crude oil and after its accounts (+2%). The price of the rest of the European markets, which is seen correctly, indicates falls of between 0.5% and 1%. In fact, the Brent has surpassed 126 dollars per barrelgiven the risk of an escalation of the conflict with Iran, in a context in which the US military evaluates possible actions. This rise in crude oil adds pressure to the markets at a time when investors continue to pay close attention to central banks. This Thursday, the European Central Bank (ECB) and the Bank of England (BOE) They will announce their monetary policy decisions, with no changes in rates expected, although the focus will be on the message about the future. In this sense, the president of the Federal Reserve, Jerome Powell, This Wednesday he reiterated his commitment to «maintain» the rates and «wait»in an environment of high uncertainty, which reinforces the idea of a prolonged pause in the monetary cycle. Powell also announced that He will continue as Fed governor when he is no longer president. The macro agenda will be especially intense, with references in Asia, Europe and the United States. In Japan, retail sales and industrial production for March have been released, while China has published the PMI for April, with a fall in manufacturing to 50.3 and non-manufacturing to 49.4.
In Europe, the focus will be on preliminary first quarter GDP data in France, Spain, Germany and the eurozonenext to the April inflation in France and the bloc as a wholein addition to unemployment in Germany and the eurozone. Germany’s retail sales and Spain’s current account balance will also be published. In the United States, the focus will be on First quarter GDP and the March PCE deflator. On Wall Street, earnings season continues to set the tone. Alphabet soared after publishing its accounts last nightwhile Goal fell sharply after presenting its figures. Microsoft, for its part, showed a more stable behavior, and today it will be the turn of Apple, which will announce its results after the market closes.
BUSINESS RESULTS
On a business level, the day is full of references. In Spain, they present accounts BBVA, CaixaBank, together with Repsol, Indra, ArcelorMittal, Faes Farma, Logista and Adolfo Domínguez.
BBVA has reported a profit of 2,989 million euros in the first quarter, 10.8% moreand has announced a new tranche of share buybacks for up to 1,460 million euros. For its part, CaixaBank earned 1,572 million euros until March, 7% moreand has also announced a share buyback for 500 million euros. In Europe, the accounts of Société Générale, Crédit Agricole, ING, Puma, Volkswagen, BNP Paribas and Stellantis, among others, stand out. In the United States, in addition to Apple, companies such as Eli Lilly, Mastercard, Caterpillar and ConocoPhillips will publish.
OTHER MARKETS
The euro is exchanged at 1.1661 dollars (-0.13%). Oil goes up. Brent now adds 4.73% ($123.61) and West Texas, +2.19% ($109.22). Gold advances 0.32% ($4,575) and silver, +0.59% ($71.99). The yield on the 10-year American bond rises to 4.432%. Bitcoin is trading at $75,685 and Ethereum is trading at $2,245.
