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The plans to reopen the economies marked a day of blue numbers for the world stock markets. Wall Street closed with a 1.51% rise in the Dow Jones Industrials, and the IPSA of the Santiago Stock Exchange also showed a positive result, in line with other parks in the world.
In the case of the capital stock market, the selective principal closed the session with a strong increase of 3.59% to 3,811.71.
A similar scenario occurred in the European stock markets, which also rose on Monday at the prospect of a further reduction in the restrictions caused by the coronavirus and with an eye toward possible additional measures by central banks to fight the effects of this pandemic. Frankfurt was up 3.13%; Milan, 3.02%; Paris, 2.55%; Madrid, 1.78%; and London, 1.64%.
On the day in Chile, where the closing represented the highest record in just over a week, the biggest impulses corresponded to the giants of retail Falabella and Cencosud with increases of more than 4%, in addition to Banco de Chile, Santander and Bci, CAP and the forestry companies CMPC and Empresas Copec, which rose more than 3% today. In addition, Parque Arauco had an increase of 7.17%, reported The Financial Diary.
In the case of the United States, the rise was driven by economic reopening plans in some states such as Georgia, Texas or South Carolina.
In New York, the epicenter of the pandemic, Governor Andrew Cuomo detailed this weekend a phased plan for the economic reopening, which includes as a first step the revival in the first half of May of key sectors for the economy, such as manufacturing or construction.
Today it was confirmed that the return of economic activity will probably start from May 15, when the rules currently in force expire, and that it will be carried out in phases, starting with the least affected geographical areas and sectors such as construction and manufacturing industry.
Another sign came from the US Secretary of the Treasury, Steven Mnuchin, who pointed out this Sunday that the US economy it could recover next summer if the activities interrupted by the pandemic begin to reactivate in the next two months.
Likewise, in both Europe and the United States, the focus is on possible additional measures by central banks to fight the effects of this pandemic.
The European Central Bank (ECB) meets this Thursday and the US Federal Reserve on Wednesday, but the Bank of Japan has already announced on Monday an expansion of its program to buy public and corporate bonds as part of its monetary easing strategy.
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