Market Commentary, March 31
April 8th, 2010
Day of negative numbers in all European markets. Another day the IBEX index has been more volatile in Europe, closing the day with a fall of -0.99%, although most of the day evolved into positive numbers. The second most significant fall has been the FTSE index, with a -0.62%, the DAX 0.23% are left while the French CAC 40 0.26%. The Swiss SMI was the exception in this day and that was a slight increase of 0.32% driven by the remarkable performance of UBS, the main value of that index.The IBEX has lost this time the psychological barrier of 11,000 points, closing at 10,980 (-0.99%). The rate had been stable all day, but went
into the red after Wall Street opened. 30 of the 35 securities in the index closed lower, with most of them ArcelorMittal (-2.30%) after the significant increases this week, followed by Abengoa and Gamesa with losses slightly higher than two percentage points. FCC, Acciona, OHL, and Ebro Puleva and Red Eléctrica were the only ones that were saved from losses. Unlike previous sessions, the Basic Materials sector was the worst behavior has been followed by financial. The consumer goods sector was the only one who had no losses, with a close nearly flat (0.04%).
Across the Atlantic the major indices closed in green but very modest revaluation. The S & P is flat, the Dow Jones 0.11% and the Nasdaq up 0.26%.
Macro data yesterday were moderately positive. In Japan, the unemployment rate came out better than expected, by one tenth, expect a 5.0% to 4.9%. The GDP of France continued in the same values as the previous month, the monthly 0.6% and a -0.3% annual. In the U.S. consumer confidence came out better than the estimate, a 52.5 and the ABC confidence fell one point compared to -44 to -45 expected.
In the Forex market, the Euro-dollar yields a -0.51%, reaching $ 1.3426 per euro. Brent is in the $ 81.28 a barrel, having risen 0.14% on the day. Finally, gold closed in negative, with a decline in the value of -0.55% at $ 1,103.60 an ounce.
Across the Atlantic the major indices closed in green but very modest revaluation. The S & P is flat, the Dow Jones 0.11% and the Nasdaq up 0.26%.
Macro data yesterday were moderately positive. In Japan, the unemployment rate came out better than expected, by one tenth, expect a 5.0% to 4.9%. The GDP of France continued in the same values as the previous month, the monthly 0.6% and a -0.3% annual. In the U.S. consumer confidence came out better than the estimate, a 52.5 and the ABC confidence fell one point compared to -44 to -45 expected.
In the Forex market, the Euro-dollar yields a -0.51%, reaching $ 1.3426 per euro. Brent is in the $ 81.28 a barrel, having risen 0.14% on the day. Finally, gold closed in negative, with a decline in the value of -0.55% at $ 1,103.60 an ounce.
Tags: a barrel Brent, dollar, Dow Jones, euro, Forex, FTSE, IBEX, Nasdaq, ounce of gold