Mar 05, 2021
The Ibex 35 does not overcome the Powell effect and falls 0.8%, to 8,286.8 points
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The IBEX 35 has been unable to finally overcome the remarks of Jerome Powell, chairman of the Fed, despite the increases in Sabadell Bank Y Santander. in addition to Telephone. The selective has come to turn around and rise to 0.2%, but has finally closed with a decline of 0.8%, to 8,286.8 points. All in all, the Spanish selective has closed the general calculation of the week with increases of 0.75%.
The negative catalyst of this last day is being what the Fed chairman said yesterday. It should be remembered that this Thursday Wall Street closed sharply down by the falls of the technological ones and after what the own Powell commented.POWELL AND ITS INFLATION FORECASTS
The president of the Federal Reserve assured this Thursday that the economic reopening could create “upward pressure on prices”. Of course, consider that any price increase in the short term will be temporary. Powell also referred to the rise in bond yields, but did not give any indication on how the central bank intends to stop it. Some investors expected him to signal his willingness to adjust the asset purchase program.
“The Chairman of the Federal Reserve chose not to put out the fire of inflation. It stuck to its earlier guidance that recent inflation is transitory, expressing comfort with current movements in the markets as the Fed is very focused on helping jobs rebound, “explains Jeffrey Halley, Asia Pacific analyst at OANDA.
Jerome Powell’s words caused US bond yields to rise more, and the yield on the 10-year bond again exceeded 1.5%.RAISES ON THE CRUDE
Oil continues to rise at this time on Friday, with Brent at $ 68.17 and West Texas at $ 65.04. OPEC + finally decided this Thursday not to increase production, while Saudi Arabia, the leader of OPEC, it will maintain its voluntary cuts of 1 million barrels a day.
However, Russia and Kazakhstan will moderately increase their pumping by 150,000 barrels per day. In his speech, the Kazakh Energy Minister, Nurlán Nogayev, highlighted the positive dynamics of the fight against the coronavirus and the gradual reestablishment of demand in the oil market and its derivatives.CHINA SAYS IT WILL GROW MORE THAN 6% THIS YEAR
China has set a growth target of more than 6% for 2021Chinese Prime Minister Li Keqiang announced this Friday at the Chinese People’s National Assembly, the most important political event of the year in the country.
China posted 2.3% GDP growth last year, becoming the only major economy to expand amid the coronavirus pandemic. However, according to CNBC, the accuracy of the country’s official economic figures is in doubt.OTHER MARKETS
The euro is now changed to $ 1.1928while gold and silver fall. Gold is trading at $ 1,692 an ounce and silver at $ 25.30.
Cryptocurrencies are also retreating. Bitcoin falls 1.6% to $ 47,283 and Ethereum 3.5% to $ 1,472. Finally, it should be remembered that today Moody’s reviews the rating of Spain.
News Source: cvbj.biz
Walk For The Wild Virtual Fundraiser To Launch Thursday For LA Zoo
LOS ANGELES (CBSLA) — The Greater Los Angeles Zoo Association is launching a monthlong virtual fitness fundraiser on Thursday to raise funds to support the Los Angeles Zoo and its species-saving work.
“Walk for the Wild” will begin on Earth Day and run until Endangered Species Day on May 21.READ MORE: LAPD Issues Tactical Alert In the Wake of Derek Chauvin Verdict
During that time, participants will take a virtual walk “around the world” to explore the global conservation impact of the L.A. Zoo and learn about efforts to save threatened species.
Participants “will be rewarded throughout the journey with digital fitness and fundraising badges, exclusive content, plus rewards based on fundraising level,” according to GLAZA, the nonprofit organization that supports the zoo and its conservation work.
“Because it’s easy for anyone to participate, Walk for the Wild encourages the entire Los Angeles community to engage in a lifelong philanthropic relationship with the L.A. Zoo’s wildlife conservation mission, from schoolchildren to grandparents. Whoever you are, you can save species from extinction and be a conservation hero,” said GLAZA President Tom Jacobson.READ MORE: Justice Has Been Served: Southland Leaders React After Derek Chauvin Is Found Guilty In Death Of George Floyd
Participants of all abilities and ages are encouraged to participate in the activity of their choosing. They can choose to join individually or as a group.
Those interested can register at lazoo.org/walkforthewild.
Skechers, along with other donors, will make a $45 matching donation toward the personal fundraisers of the first 500 people who register on Earth Day.
Michael Greenberg, president of Skechers, said the shoe company is “proud to inspire our community to get outside, get fit and Walk for the Wild to benefit the Los Angeles Zoo and threatened species.”MORE NEWS: LA County Supervisors Vote To Return Bruces Beach To Owners Descendants
“The Los Angeles Zoo is one of our city’s most beloved destinations, and this inaugural event is a wonderful way to improve our health as we help animals around the globe,” he said.