European stock markets start the last week of March with gains and try to end the series of losses by the banking sector. Last Friday the alarms went off again with the collapse this time of the German entity Deutsche Bank. Today, the uproar subsided after it was announced that First Citizens Bank had agreed to purchase deposits and loans from Silicon Valley Bank.
What does the ibex do?
The Ibex accelerates after the opening: it gains 1.3% and receives 8,900 points per bank.
What values are most up or down?
The values that arise the most are:
Only Cellnex Telecom falls, which loses 0.88%.
What to do with the rest of the bags?
The rest of the European stock market orders to promote positions with the Spanish stock market.
The Tokyo Stock Exchange added 0.33%.
Wall Street anticipates moderate future earnings.
Keys of the day
What do the punters say?
“In Europe we are witnessing a rebound in the main indexes after several turbulent days, in a session without major macroeconomic indicators, although we will see the Confidence Index in Germany Ifo Business, while the growth in February continues to be the main. The beginning of the week will continue to have the same focus as a few days ago, the development of the banking sector after a few days with the upheaval, the European Central Bank (ECB) has warned that it is “ready to act if necessary”, says Diego Morin, IG analyst.
What is the development of debt, currencies and raw materials?
In market trading, Brent advanced 0.58% to $75.01.
Follow all the instructions in five days on Facebook Twitter and Linkedin, or on our newsletter Agenda de Cinco Días.
To be done in five days
Major financial institutions of the day, with key and context to understand their purpose
to accept it