The Ibex 35 manages to moderate its weekly fall to 1.9% and recovers the whole 7,900

Law. at 6:27 p.m.


The stock market rebounded 1.81% in session and mitigated the fall it had experienced in recent days, when it fell to the edge of 7,800 points

The Ibex 35 was located in the 7,961.4 integers after falling 1.9% in the week, although thank you at traction of 1.81% this Friday It mitigated the fall it had experienced in recent days, when it returned to the edge of the whole 7,800.

In this way, with the advance of 1.81% known today breaks a sequence of five consecutive days in negative and is again at the level of 7,900 points.

The week on the Ibex 35 was marked by the announcement of the new temporary tax on large financial entities and large energy companiesdue to the release of June CPI data in the United States and the start of the earnings season, as well as second quarter GDP data in China and the Eurodollar cross parity.

The headline CPI rate in the United States came in at 9.1% in June, half a percentage point above May’s price rise and its highest level since November 1981, while that the core CPI was 5.9%.

This situation does nothing more than add pressure on the Federal Reserve (Fed) to raise interest rates and the market is already pricing in a 75 basis point hike at the central bank meeting. expected next week, although it has come to speculate that the increase could reach 100 basis points.

In addition, the President of the Government, Pedro Sánchez, announced in the State of the Nation Debate on Tuesday, new temporary taxes for banks and energy companies, which led to a stock market crash of listed financial entities: they lost more than 5 billion euros. capitalization euros on July 12 session.

Among today’s data, the publication of GDP for the second quarter of Chinawhich shows a economic contraction of 2.6% compared to the previous three months, when it had increased by 1.4%. It is the second-worst growth figure for the world’s second-largest economy, just behind the 9.8% contraction in the first quarter of 2020.

Additionally, yesterday kicked off the U.S. trading earnings season, which began with the release of the accounts of JPMorgan Chase and Morgan Stanley, which showed lower second-quarter profits compared to the same period last year. .

The presentations continued today with that of Citigroup, which marked a attributable net income of $4,547 million (4,538 million euros) in the second quarter of the year, with a decrease of 26.6%; BlackRock, which recorded an attributed net profit of $1,077 million (€1,075 million), equivalent to a decline of 21.8%, and Wells Fargo, which recorded an attributed net profit of 2,839 million dollars (2,834 million euros), i.e. 48% less than in the second quarter of 2021.

During today’s session, the Most Ibex 35 shares closed positive, except Telefónica (-1.50%), Siemens Gamesa (-0.53%), Aena (-0.24%) and Red Eléctrica (-0.06%). The strongest increases were made by Ferrovial (+3.73%), Acciona Energía (+3.57%), Inditex (+3.50%), Grifols (+3.50%), Sacyr (+3, 23%), Rovi (+3.15%) and PharmaMar (+3.07%).

The rest of european bags also closed with gains, of 1.69% in London, 2.04% in Paris, 2.76% in Frankfurt and 1.84% in Milan, which is recovering from the decline of more than 3% recorded yesterday, when Mario Draghi’s government was overthrown.

El ex-banquero central presented his dimisión al presidente de la República, Sergio Mattarella, que rechazó la propuesta a cambio de que explicase los motivos de su renuncia ante el Parlamento italiano el próximo miércoles, dando tiempo a buscar soluciones a la nueva política abierta en el crisis Country.

On the other hand, the price of barrel of oil The quality of Brent, a benchmark for the Old Continent, once again exceeded $100, trading at $101.48, up 2.39%, while Texas settled at $98.10. , with a drop of 2.32%.

On the foreign exchange market, the euro regained ground against the dollar, trading against 1.0090 “greenback”, although it is very close to parity.

In the debt market, the Spanish risk premium was around 118 basis points at the close of trading, with interest required on the ten-year bond at 2.273%.

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