Four months after the S&P 500 revalidated its historical maximums, one of the stock market rates most followed by investors has reached new levels. The American selective, who has started the day with an advance of 0.3%, has managed to recover from the strong punishment that meant the announcement of the application of tariffs to all the commercial partners of the United States by its president Donald Trump: from the minimums recorded on April 8, more than 23%is triggered.
Commercial tensions, geopolitical conflicts and pressures to the independence of the Federal Reserve have failed Liberation Day. A good proof of this has been seen this week, marked by the United States attack to Iran nuclear facilities. On Monday the investors dawned with an eye on the Middle East and the oil market after the US bombings, but the fear lasted little: in less than 12 hours the crude went from overcoming the $ 80 to be fade at 76. A surgical response of Tehran and the high on the fire decreed by Washington helped the crude to prolong the cuts and alcent the recovery of the bags. The expense plans in defense of NATO and in the last hours the commercial agreement with China and its commercial partners have managed to give encouragement to the bags.
This Friday, the expectation that finally USA applies tariffs lower than those announced to China, added to the fall in debt profitability are exercising catalyst for the bags. The S&P 500 has begun the day with rings of 0.3% enough to mark new historical maximums, online to those reflected in the Dow Jones and the Nasdaq Composite thanks to the message launched by the White House that the term of July 9 is not “critical” to negotiate new commercial pacts. Progress that are also giving wings to European stock markets. The Stoxx 50 euro advances 1%, surpassed by the French CAC, which adds 1.3%, while the German Dax and Ibex 35 are noted about 0.8%.
“There is a lot of money that wants to enter the market and that did not do it for a while. And I think, if there is no negative news, the natural gravitational attraction falls on all these assets,” said Rick Rieder, director of Blackrock global fixed income investments, to the CNBC.
Now, the tension is maintained in the currency market, where the dollar is still affected by the and accelerates in its weakness against the rest of the currencies. The euro is already crossed over $ 1.17, levels of 2021 and the green ticket already accumulates a fall of more than 10% so far this year despite the fact that the Secretary of Commerce of the United States, Howard Lutnick, has assured that the White House has “imminent” plans to reach an agreement with a group of ten main commercial partners, without specifying which, according to Bloomberg.
Despite the pressures launched by Trump to Jerome Powell, the president of the FED has insisted this week that it is not yet time to activate the decrease of types claimed by the president and that we must monitor the evolution of the macro data. Data that, for now, would be giving him right: the PCE, the FED favorite pricing indicator, rose slightly in May although without showing a great impact on prices after tariffs. The Mayo of May, of 2.3% year -on -year is two tenths greater than 2.1% in April, in line with what was expected by the market.
“Trump’s desire to ‘eclipse’ the Fed through a substitute designated for the president, Jerome Powell, is not a good way to promote the perception of integrity and autonomy in the formulation of US policies and, by extension, that of the reserve currency status of the US dollar,” says Thierry Wizman, global strategist of currencies and interest rates of Macquarie Group.
In the Spanish market, the prominence of the day is for Indra, which rises more than 4% in the stock market thanks to Morgan Stanley, which has raised its recommendation on the value to be raised and has catapulted its objective price to 47 euros per share, which implies a potential of 40% despite the strong accumulated rise in what goes for the year. After him, they follow him in fluid and Amadeus ascents, with advances of the 1%environment.
On the other hand, Endesa is left 3%, a fall that is linked to the energy one is discounting this Friday the payment of the dividend that will be made next Tuesday.
In the Spanish corporate panorama, today the deadline for presenting, in the middle of the BBVA OPA. According to financial sources, there would be two interested entities, Santander and Barclays. For now, the Basque entity scores 1% in the stock market, while Catalan adds 1.5%.
In the dividend section, it pays 0.800 euros gross per share. Endesa, Sacyr, South Direct and Real Estate line discount today the dividends they will pay on July 1. In the case of electric, the coupon amounts to 0.8177 euros per share. For its part, the Spanish construction company will deliver a dividend of 0.045 euros gross per title, while the insurer will reward its shareholders with a payment of 0.0138 euros and, finally, the real estate company will pay 0.28 euros.
As for raw materials, oil prices are aimed at a weekly fall due to the continuity of the high fire between Iran and Israel, which relieved concern for supply risks in the Middle East. Today, they record up. The Brent, reference in Europe, adds 0.6% to $ 67 a barrel.
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