Global equity markets are rebounding, driven by opportunistic buying, following the sharp declines of the previous week due to tensions between the United States and Iran. The Nasdaq is the only one reporting a drop of 0.16%, at 20,914.05 points, while the Dow Jones is up 0.45%, at 45,368.50 points, and the S&P 500 adds 0.21%, hovering around 6,382.58 units.
At the corporate level, the gains of the session's opening were led by Salesforce, which was up 2.02%; Walt Disney Co, which gained 1.85%; Microsoft, which added 1.18%; and Amazon, up 1.13%. In the financial sector, American Express and JPMorgan Chase also started the session in the green, with their shares rising 1.34% and 0.89%, respectively. In contrast, Caterpillar and Apple fell 0.99% and 0.55%.
“History shows that most geopolitical crises tend to have a relatively brief impact on the market, but without clear signs of an end to the Iran war, it will be difficult for stocks to overcome current volatility and maintain the bullish momentum,” said to Bloomberg Chris Larkin of E*Trade at Morgan Stanley.
How are the BMV and other international markets operating?
Similarly, the opening of local stock exchanges shows green numbers; for the main index of the Mexican Stock Exchange, the S&P/BMV IPC, the advance is 0.68%, at a level of 67,137.19 points, and for the FTSE-BIVA of the Institutional Stock Exchange, the increase is 0.88%, at 1,340.48 points.
In Europe, the gains are led by the London FTSE 100 with 1.18%, at 10,085.19 points, followed by the Spanish IBEX 35 with 0.48% more, at 16,883.30 points, the DAX in Germany gains 0.43%, towards 22,398.28 units, and the CAC 40 of France with 0.42% more, hovers around 7,736.03 points.
Meanwhile, in the international crude oil market, benchmark crude prices reflect gains of 2.55% for West Texas Intermediate, at $102.18 per barrel, while the Brent reference with an increase of 1.02%, trades at $113.72 green bills per barrel.
