The Ibex 35 fights to leave behind the turbulence. The selective starts the week with a rebound of more than 1% that puts it back on the path to 9,000 points after the alarmism caused by Deutsche Bank. The First-Citizens deal to take over Silicon Valley (SVB) deposits and loans has tempered tempers. At the macroeconomic level, one of the references for this Monday will be the publication of the IFO index of business climate in Germany, retail sales in the United Kingdom, and the Dallas Fed index for industry.
“If investors were really discounting a new and deep financial crisis, this would not have been the global behavior of the stock markets,” they specify from Link Securities. Despite this, they warn that the fragility shown by the markets in the face of events that will not generate episodes of “hysteria” is worrying. There are many investors with nerves on edge
skin, as well as others that take advantage of this situation, something that the regulators will be able to analyze in detail, demanding greater transparency/publicity of the short positions, both in what refers to their imports and the dates on which that was taken or increased sharply”, they add.
In this sense, the stock markets of the Old Continent also start the week relieved. Milan rises 1.6%, Paris rebounds 1.4%, Frankfurt 1%, London 0.8%. Back in Spain, only Acciona Energía registered moderate losses (-0.06%). Banks registered the greatest advances with Santander leading the way (+3.2%), BBVA, Sabadell, Unicaja Banco and CaixaBank rebounding by more than 2%, while Bankinter lags a little further behind (+1%).
In the commodity market, Brent, Europe’s benchmark crude, advanced 1%, to $75.74. The profitability of bonds, meanwhile, rises. The ten-year Spanish bond yield reaches 3.218%, with the risk premium at 101 basis points, while the euro falls and stands at $1.075.