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The boost came from greater optimism in the airline sector and good numbers at Deutsche Bank.
While concern about the impact of the coronavirus pandemic will continue, some programs to open up the economy and corporate results in Europe are giving hope to global investors, raising the quotation of the international bags.
The weekend figures reflected that coronavirus deaths were the slowest in more than a month in Spain, Italy and France, and the three countries have indicated tentative measures to reopen their economies, giving investors hope.
For its part, the corporate results of Deutsche Bank and an improvement in the vision of the airline industry It raised market confidence on the other side of the Atlantic Ocean, supporting the wave of purchases that registered yesterday in global equities.
The week will have a battery of monetary policy meetings as the Federal Reserve, the Bank of Japan and the European Central Bank will announce their decisions. Several major economies will release GDP figures, while corporate profits will continue to come in with Amazon.com Inc., Barclays Plc and Samsung Electronics Co. as the big stars.
American continent
In this context of hopeful news, the highest indicators on Wall Street ended the day with significant gains: the industrial Dow Jones rose 1.51%, while the S&P 500 and the Nasdaq compound rose 1.47% and 1.11 % respectively in today’s session.
In the national stock market, the enthusiasm was more palpable. Local benchmark S&P IPSA ended the day at 3,811.71 points, 3.59% above the close on Friday. This left him at its highest value in just over a week.
The biggest boosts for the national selective came from the banking and commodity producer sectors: financial firms Banco de Chile, Santander and Bci, in addition to metallurgical CAP and forestry companies CMPC and Empresas Copec, rose more than 3% today. In addition, retail giants Falabella and Cencosud gave the indicator an additional boost with increases of more than 4%.
Although the 30 shares that make up the selective’s payroll had good results, Parque Arauco stood out on the day with a 7.17% rise that left it at $ 1,393.20.
Europe and Asia
Although German bank Deutsche Bank warned that it might miss its capital requirement target this year as a result of an expected rise in default, its quarterly results exceeded market expectations, boosting the European banking sector as a whole.
Furthermore, Lufthansa’s actions and other regional airline roles jumped after the German Transport Minister showed interest in protecting the airline.
In this context, the stock markets of the Old Continent experienced a small rally, led by Frankfurt. The DAX was up 3.13% at the moment, accompanied by a 2.60% rise in the pan-European EuroStoxx 50 benchmark.
The other markets also note significant progress: the French CAC rose 2.55%, the Spanish Ibex rose 1.78% and the English FTSE 100 appreciated 1.64%.
In Asia, the largest markets had a similar day, with growth of 2.71% in the Japanese Nikkei, 1.88% in the Hong Kong Hang Seng and 0.68% in the Chinese CSI 300.
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