Europe fails to sustain yesterday's "relief rally", and opens lower puzzled by the Fed

European stock markets are unable to recover, agitated by macro and political issues day in and day out. And it is that, although it is true that yesterday the main European indices experienced a 'day of relief', closing higher, the reaction of the US financial markets after the meeting of the Federal Open Market Committee of the Federal Reserve (FOMC) makes doubt the ability of equities to recover the ground lost in recent weeks, at least in the short term. And the proof is in today's opening.

This Thursday, the German DAX lost 1.70% to 15,197.07, the London FTSE 100 subtracted 1.05% to 7,391.40 points, the Ibex 35 fell 1.40% to 8,499 points, the CAC 40 fell 1.52% to 6,876.15 and the Italian stock market dropped 1.21% to 26,297.00. For its part, the Euro Stoxx 50 fell 1.68% to 4,094.55.

In business matters, it should be noted that according to Reuters, Siemens Energy is evaluating options for the full integration of Siemens Gamesa.

On the other hand, UBS has bought the US automated wealth management provider Wealthfront, which manages more than 27,000 million dollars, in a transaction for 1,400 million dollars.

In addition, Deutsche Bank will carry out a €300 million share buyback and pay a dividend for 2021. In addition, the bank nearly tripled its fourth-quarter profit, defying loss expectations, as the investment bank's revenue rose. Net profit attributable to shareholders was 145 million euros ($162.62 million) in the three months ended December 31, according to figures released Thursday. This figure compares with a profit of €51 million a year earlier, and is better than analysts' expectations of a loss of around €130 million. It was the bank's sixth straight quarter of profit, the bank's longest winning streak since 2012, and a success for CEO Christian Sewing, who was promoted to chief executive in 2018 to turn around Deutsche after a series of costly problems. regulatory.