April premiered with the trigger for a global commercial war, from the United States against the rest of the world (including territories without human inhabitants) and a historical collapse for markets, particularly Americans. Today exactly one month of that day of liberation is fulfilled, and precisely in this session Wall Street recovers the level it had before Donald Trump’s announcement in the White House Garden, the 5,670 points of S&P 500. In this month the financial pressure has been able to with Donald Trump, forced by the collapse of the stock market, of the dollar and, above all, of the prices of the public debt. first, with a 90 -day truce and then, with the opening of negotiations, the reverse of Washington has opened the door to the recovery of the bag, which in any case has not yet recovered the start of the year level. The S&P 500 rises 1.25% to half a session on Friday.
Market improvement does not imply that the keys in which they move have changed; Simply now the music sounds better. This Friday, already the European stock markets, which closed their doors on Thursday, started the session with profits from the information about the opening of commercial negotiations between China and the United States. The Chinese Ministry of Commerce said that the United States “had recently transmitted messages to China through various channels, expressing its desire to establish conversations.” “They have adopted a cautious tone, demanding that the United States ‘sampling’ if they want commercial conversations,” said Matt Simpson, a senior market analyst at the City Index. “So, although an olive branch has been offered, it can hardly be said that China has ‘dragged’ as Trump expected,” adds the expert.
The Ibex, thus, rises almost 1% in the first session of May and exceeds 13,400 points, just 100 of the maximums marked in the last days of March. Even greater are profits in European stock exchanges, with the euro Stoxx 50, the French CAC and the German Dax marking more than 2% upwards. The session in Spain is marked by the two great economic issues of the week: BBVA’s OPA on Sabadell and the blackout last Monday. Redeia, usually one of the most stable values of the Ibex, is the lowest of the index, with a decrease of 3.7% that adds to the similar fall on Wednesday and adds 7.2% in two days. Although the causes of the blackout are still unknown, the foci are placed on the network operator.
Meanwhile, BBVA and Sabadell mark slight falls in the first session after the CNMC opinion on the OPA is known. Competition has agreed with BBVA to increase the spectrum of the Catalan companies to which the credit will be extended, in exchange for giving green light to the operation. Now the OPA is in the hands of the Government, which has up to the CNMC conclusions up to accept the conclusions of the CNMC, set new requirements or veto the operation. Despite the green light, the market is not optimistic with the two entities: BBVA and Sabadell fall when the rest of the banks marks profits between 1.5% and 2%. Among the values that rise most are some of those affected by the commercial war, such as IAG (+6.4%), Arcelor (+4.9%) or Acerinos (+3.8%), in addition to Puig, Fluidra or ACS, also exposed to the United States.
Technology
The somewhat flat results of Apple and Amazon technological leaders go to the background. The accounts of the two companies fed yesterday at the close of Wall Street the concerns about the impact of tariffs. On the contrary, Microsoft marked one of the best sessions in recent years. Mercado’s feeling has also helped the US employment data of the month of April. The world’s first economy created 177,000 non -agricultural jobs, although after checking the data from previous months. The unemployment rate remained at 4.2%. The data indicates the cooling of the labor market, a sign that companies are slowing the hiring in the face of commercial uncertainty. But, after the fear of the recession and the bad GDP data, the figures have exerted a soothing effect and remove the ghost of an imminent recession, according to analysts.
In other markets, the euro rebounds 0.7% against the dollar after the inflation data of the euro zone remained stable at 2.2%. The dollar, much further than the bag to recover from the tariff impact, is changed to 1,137 units for each euro, compared to the maximum of 1.15 marked at the end of April. The United States debt to 10 years rebounds both in European markets and in Americans around the seven basic points, leaving 3.17% for the Spanish bonus and 4.3% for the American.
On the other hand, oil prices remain down and mark a fall of more than 1%, which leaves Brent’s barrel touching the $ 61. The key meeting of the OPEC+ planned for Monday has advanced to Saturday, in an environment in which many analysts expect Saudi Arabia to propose an increase in production, which presses prices down.
