Rising PSI20 benefiting from optimism in US economic recovery

Rising PSI20 benefiting from optimism in US economic recovery
Rising PSI20 benefiting from optimism in US economic recovery

On Thursday, the main benchmark index, the PSI20, closed higher, rising 0.97% to 4,977.56 points, following the gains of most European markets.

Today, at 08:53, the PSI20 was up 1.54% to 5,054.06 points, with 16 companies up, one down and one unchanged.

Leading the gains were Mota Engil and EDP, with increases of 4.34% and 4.21% to 1.54 euros and 5.13 euros, respectively.

BCP was also up 3.17% to 0.12 euros and Galp advanced 0.75% to 10.08 points.

Jerónimo Martins was, in turn, up 0.21% to 14.43 euros.

Novabase was the only company to trade on negative ground, with shares losing 1.60% to 3.69 euros.

After the stop of Holy Week, the main European exchanges were optimistic to replicate Wall Street’s gains on Monday, where the Dow Jones rose to their all-time highs after the United States was known to have created nearly a million jobs in March. .

Analysts at Renta4, quoted by Efe, say that it is “appreciating how the US economy and labor market continue to recover, due to advances in vaccination and strong fiscal stimulus”.

In the raw materials market, Brent, a reference oil in Europe, was rising 1.11%, to $ 62.84, thus recovering the previous strong losses, of more than 3%, after the United Kingdom announced that the resumption of international travel may take longer than expected, leading to less demand for oil in the summer.

At the exchange rate level, the euro opened lower today in the Frankfurt exchange market, but at $ 1,1801, against $ 1.1816 on Monday and the current high since May 2018, of 1,200 dollars on January 5th.

The barrel of Brent oil for delivery in June opened up on London’s Intercontinental Exchange Futures (ICE), trading at $ 62.63, against $ 62.15 on Monday and the current high since December 2018, of $ 69.63 on March 11.

Also Read: Do you work with green receipts? This month you have to submit a quarterly statement

Always be the first to know.
Fifth consecutive year Consumer Choice for Online Press.
Download our free App.

Google Play Download

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Wrong allowed vaccine sneak in Drammen: –
NEXT Kalil goes back and releases masses and services in BH after order of the Supreme Court