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The European stocks started the day with falls

The European stock markets started the session on Tuesday with the majority of falls. Yesterday, the European leisure and tourism sector reacted positively to the announcement that the European Commission was willing to allow vaccinated American tourists to travel to Europe. Consequently, the tourism sector, along with the banking, energy sectors, displayed the best performance during the day. 

Meanwhile, sectors like the food and beverages or the health sector lagged somewhat behind.

The European stock markets open today without significant variations and a defined trend in a session once again marked by business results, with the accounts of important companies such as HSBC and UBS banks or the oil company BP.

In the afternoon, the consumer confidence index will be published in the US. Improved numbers will be out in April. This is in no small part thanks to the good progress of the population’s vaccination process and the reopening of this economy. 

The European stock exchanges began the session on Tuesday in the mixed ground. Wall Street closed yesterday with the same trend but achieved its first record since February in the Nasdaq composite index and the selective S&P 500.

Tesla presented a significant increase in its quarterly profit 

The Nasdaq gained a solid 0.87%. Meanwhile, the S&P 500 advanced 0.18%, surpassing its last all-time high by just 3 integers. The Dow Jones ended in the red with a loss of 0.18%.

Yesterday Tesla, which can be included in this type of securities, presented a substantial increase in its quarterly profit, comfortably exceeding analysts’ expectations. However, it did not convince investors since its car sales grew at a lower rate as expected by analysts. Its shares lost just over 2% in after-hours trading.

 

Today it is the turn of two of the largest companies in this sector: Alphabet, Google’s parent company, and Microsoft. So, we must be very attentive to how investors react to the figures they release.

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