Market's evolution 06 of April to 10 of April 2015

Market's evolution 06 of April to 10 of April 2015


Bullish week on the main stock indices:

  • IBEX35 +0.99%
  • EUROSTOXX50 +2.73 %
  • S&P500 +1.70% 
  • NIKKEI225 2.43%
The euro again lost ground against the dollar to levels of 1.05. We also heard several members of the FOMC that if the labor market continues to show strength, we could see the first increases in US interest rates at the meeting of June. Meanwhile, more sounds of Greek (in) solvency melody and ECB keeps on increasing emergency liquidity program (ELA). Macroeconomic data showed mixed signals.

On the positive side, most PMI major countries, China's CPI (+ 1.4% current vs + 1.3% above) and the German exports. At the other end of the scale, German factory orders, while retail sales in the Eurozone in line with market forecasts.

Gold fell -0.21% to 1207 USD/Oz, while oil stood at 57.87 USD Barrel/Brent.

During this week we will focus on the ECB press conference and in several economic indicators. We highlight Eurozone CPI, GDP and trade balance of China's economy. In the USA will know building permits, index of Philadelphia Fed and University of Michigan consumer confidence index.

At corporate level, we highlight the acquisition agreement of BG made by Royal Dutch Shell worth 65 billion euros. FedEx announced the purchase of Dutch courier company TNT Express. In addition, Alcoa Inc. kicked out quarterly reports season 2015 1st Quarter results.