On the merry-go-round experienced by the Stock Exchanges in recent weeks it has led them to record increases this Monday, which in cases like that of Germany touch 4%. The start of the revival of economies after the confinement with the coronavirus has become one of the main reasons for investor optimism today, but it is not the only one. The price of oil -at elevational and commitment of organizations like the Federal Reserve or the ECB to do everything necessary to return to activity that has given some breathing rates, especially punished for the past two months.

Of all of them, oil today focuses much of the global attention. After the US benchmark West Texas Intermediate (WTI) barrel fell in negative territory for the first time last month, investors looked to this week as a key date as contracts are due to expire. delivery in June. Although many analysts pointed out that history could repeat itself, reality has once again turned the forecasts into wet paper.

The barrel of WTI rose to $ 33 this Monday, after registering a rise of 11.6% in the session; since the lows of April 22, its price has risen more than 300%. In the case of Brent, the barrel stands today at $ 34.8, with an advance of more than 7%. According to Sergio Ávila, an analyst at IG Markets, "this situation is due to the previous cuts made by Saudi Arabia and its OPEC allies, giving rise to their lowest level of production in the last 18 years to try to mitigate the shock they have experienced. had black gold prices. " In addition, US President Donald Trump "pressed King Salman to stabilize oil prices as a measure to protect the shale industry, due to the strong indebtedness they present and, above all, to industry pressure groups," he adds. .

In spite of everything, the markets prefer caution regarding the evolution of oil, since the prospects for demand at least for this year are still very low.

Returning to the stock markets, the Ibex 35 climbs almost 3% after three negative sessions, until it again approaches 6,700 points. Tourism stocks and ArcelorMittal, which last week conceded the worst corrections, are at the forefront of progress in this session. Only Amadeus earns more than 10%, followed by IAG (another 10%), Aena and Meliá, who are around 9% and 8% in profits, respectively.

For its part, Arcelor has advanced more than 7% just on the day in which it was known that BlackRock, one of the largest investment funds in the world, has emerged 5.11% in the capital of the company.

Also today, the National Securities Market Commission (CNMV) has announced its intention to lift the ban on short sales that it established in mid-March, in the midst of a bursting storm, to combat speculation. The rule will cease to be active at midnight on Monday.

In the rest of Europe, Cac 40 in Paris earns -%; the Ftse 100 in London, -%, and the Ftse Mib in Milan, -%.

As for fixed income, the Spanish risk premium has fallen to 127 basis points, with the interest demanded on the ten-year bond at 0.71%.

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Coronavirus: American oil rises and European oil falls after the historical shock in the US

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