The Ibex 35 opens April with moderate falls and without many shocks

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He IBEX 35 and the rest of the European stock markets close in red after a first day of April without many surprises. Today, investors' attention has been focused on manufacturing PMI data for March: Spain's stood at 51.4, barely unchanged from the twenty-month high recorded in February, in 51.5, while that of the eurozone showed a more accelerated contraction than in Februaryeither. Besides, Germany has published its preliminary CPI for March, which has been reduced to 2.2%its lowest value since April 2021. In Spain, unemployment fell by 33,405 people last monthto its lowest figure this month since 2008. Yesterday the indices remained closed on this side of the Atlantic but They opened on Wall Street, where the Dow Jones fell 0.60% and the S&P fell 0.20%. The Nasdaq rose 0.11%. The PCE (Personal Consumption Expenditure Price Index) that was published last Friday there, along with the words of Jerome Powell, who also spoke that day – with the bags closed – were very present throughout the day. The market continues to discount that The first rate cut by the Federal Reserve (Fed) will come in summerwhile Powell reiterates his speech that we must go little by little and with caution, because economic strength gives room to not rush.


This Tuesday's day featured various business protagonists. First of all, Rovi has gone up after announcing this morning that has finally received approval from the US FDA for Risvan, its drug to treat schizophrenia. The pharmaceutical company has made its way among the best values ​​on the Ibex along with Repsol, CaixaBank and Bankinter. «We are very excited about the approval of Risvan by the FDA because we believe that our medicine will be able to contribute to the clinical management of schizophrenic patients, helping to improve adherence to treatment,» said Juan López-Belmonte Encina, president and CEO. from Rovi. Within the Ibex, The worst stocks are Cellnex, Colonial, Ferrovial, Fluidra and some renewables (Solaria, Acciona…). The latter are affected by the sharp falls in Soltec after what was announced yesterday. The company announced the reformulation of its accounts for the 2023 financial year by «a difference with the auditor, Ernst & Young» of 192 million euros in revenueso after this review The annual result results in losses worth 23.4 million euros, compared to the profits of 11.7 million reported in February, and a turnover of 394.8 million. The company has assured that «does not share the auditor's criteria», although it has finally chosen to accept the requested adjustments «since it understands that this is the most beneficial option to safeguard the interest of the company and its stakeholders.» Outside our country, this Tuesday there is talk about the Chinese smartphone manufacturer Xiaomiwhich has soared in Hong Kong after the company launched its SU7 electric car last week. Xiaomi announced on Thursday night that the SU7 will have a price approximately $4,000 lower than the Tesla Model 3, and claimed that the new car would have a longer driving range. Xiaomi has encouraged the Hang Seng, which was closed yesterday for Easter Monday and which rose 2% today. Furthermore, it is news Swiss bank UBSsince it has announced a share buyback program of up to $2 billion.


He gold the second quarter has started in all-time highs. It is now up 1%, to $2,281 an ounce. Silver advances 2.6%, to $25.72. He Oil adds 1.7% amid geopolitical tension. Brent is close to $90 ($88.89) and West Texas is over $85 ($85.25). Tomorrow there is OPEC+ meeting. The euro is exchanged at 1.0741 dollars (-0.01%). Bitcoin falls to $65,843 and Ethereum drops to $3,324. The yield on the 10-year American bond rises to 4.345%.