Market Commentary, March 26

1259042736Very positive day in all European markets, all major percentage point above apart from London (0.88%). The most notable increase was that of the Spanish selective IBEX with an outstanding 2.07%. Followed with 1.56% DAX and CAC 40 with 1.28%, while the Euro Stoxx 50 closed the session up 1.52%. It was a day marked by the good performance of the financial sector in the main, followed by good overall performance of the basic materials sector, highlighting the rise of 2.44% in the CAC 40 in that sector. The Euro Stoxx 50 the rise of the financial sector of 2.06%, the highest, while the sectors of consumer goods and services were less prominent behavior.

As

we mentioned, after the significant decline in the previous session, the IBEX 35 has been the best performing European index with a rise of 2.07%, with green numbers in all values except for Endesa was (-0.18 %). The value of this day star Gamesa has been a sharp rise of 5.37%, followed by Arcelor Mittal with a 3.62%. The sector has been more prominent this time the basic materials, driven by soaring Arcelor. The second sector has been the biggest increase with a 2.42% financial performance highlighting their main value, the Santander Bank, with a rise of 2.76%.

In the American parks closed session with mixed results. The Dow Jones was flat with a 0.05%, highlighting the consumer sector up 0.82%. For its part, the S & P 500 fell by -0.17% at 1165.73 points ranking. The Nasdaq also holds semi-flat with a fall of -0.06%.

With regard to macroeconomic data, we highlight in Germany Gfk consumer confidence with the month of April located at 3.2 vs current. 3.1 expected. In the Eurozone, the M3 was at -0.4% vs shua. 0.1% previously. In the U.S., initial requests for unemployment are at 442K on a 450k expected by experts.

For the exchange rate, the Euro-Dollar falls a -0.32%, remaining in the $ 1.3273 per euro. Brent is at the 79.61 per barrel, having fallen on a -0.01%. Finally, gold closed in positive, with a rise in the valuation of 0.35% at $ 1,090.50 an ounce.

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