The week begins with a favorable fate in the markets, and with a takeover bid, that of Siemens over Gamesa, which contributes to accelerating the rise of the Ibex above 8,500 points.
The markets breathe with a new lull in risk aversion. The possibility that inflation has peaked and the gradual reopening in China after the confinements adopted due to the Covid outbreaks soften the macro alerts. A key reference to assess the degree of confidence in the evolution of the economy is today’s publication of the Ifo index, practically the only outstanding macro reference of the day. If analysts’ forecasts come true, the business confidence indicator in Germany would stand at 91.4 points in May.
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