After starting the day on a positive note, the Ibex 35 ends this Thursday’s session in the red. The national selection It remains 0.49% at 8,084.9 points, impacted by the last known results and after learning that the US economy entered a technical recession in the second quarter of the year.
Despite a negative end to the day, the Ibex 35 succeeded in reducing falls. At certain times of the day, it lost 1.5% due to the sharp declines suffered by most of the values which, this Thursday, presented their accounts.
The largest drop of all, of 13.77%, is that of PharmaMar. The pharmacist won. 34.92 million euros between January and June, or 19.1% less. Next, Grifols drops a 10.70%. The plasma derivatives company earned 143.6 million euros in the first half, or 46.2% less.
Despite the fact that for much of the day he played in one of the biggest rises, Sabadell Bank end the day with a decrease of 5.03%.
The entity closed the first half of 2021 with a net profit group share of 393 million euros, 78.6% more than the same period last year. It placed its return on tangible capital (ROTE) at 7%, exceeding the objectives of the strategic plan.
Repsol sells 4.87% despite the fact that it obtained a net profit of 2.539 million in the first halfafter doubling the profit of 1,235 million euros compared to the same period last year.
The same thing happens with Banco Santander, which gives 2.55%. The entity chaired by Ana Patricia Botín won 4,894 million euros in the first half of this year, 33% more year on year. Its fall reached 2.38%
After starting the session with a rise of 3%, Telefonica 1.47% remains. The telecommunications company earned 1,026 million in a semester marked by the growth of its revenues in all the markets in which it operates.
All these declines contrast with increases in Acciona Energy, Cellnex, Acerinox and Arcelormittal. The two steel companies led the advances of the Ibex 35 until almost the end of the day.
[La cartera de acciones de Eduardo Bolinches para la sesión de hoy]
Acerinox ends the day with an increase of 3.15% and we record the third highest increase of the Ibex 35. In front, Solaria adds 3.58% and Aena, 3.81%.
The drop in the national index contrasts with most of the increases in the main European stock exchanges. Wall Street also recorded increases at the end of the session on the Old Continent.
Green is spreading on the New York Stock Exchange even though the US economy contracted by 0.2% in the second quarter of the year compared to the previous three months. Compared to the same period of the previous year, the decrease is 0.9%.
The declines are in addition to those recorded in the first quarter, of 0.4% in quarterly comparison and 1.6% on an annual basis. In this way, The US economy has entered what is called a technical recession.
The New York prosecution also manages to dodge bad meta results. In the first half, the tech giant, formerly known as Facebook, earned a net profit of $14.152 million, which represents a decrease of 29% compared to the same period of the previous year.
The also owner of Instagram, WhatsApp, Messenger and Oculus posted $56.729 million, slightly above revenue in the same period of 2021, as its operating expenses skyrocketed. This explains the decline in profits.
In this way, the Ibex 35 closed a negative session again, after adding 0.68% on Wednesday, before knowing the movement of the American Federal Reserve (Fed).
The Fed’s Federal Open Market Committee (FOMC) decided to raise the country’s interest rates by 75 basis points, up to a target range between 2.25% and 2.5%. This is the highest level in the price of silver since December 2018, when the institution also placed the price of silver in this range.
The U.S. central bank followed expectations its chairman, Jerome Powell, had made at the June monetary policy meeting, when it opened the door to another 75 basis point hike after the said meeting.
US Federal Reserve (Fed) Chairman Jerome Powell pointed out that the body makes its decisions meeting by meeting. For this reason, he offered no forward guidance on the magnitude of the rate hike that will occur at the September meeting.
“We think it’s time to go from meeting to meeting and not provide any kind of clear signal like we did on the way to a neutral position,” Powell said at the press conference which took place. followed.
At the end of the session, the euro falls against the dollar and trades at 1,016 “greenbacks”.
The brent oil, a benchmark in Europe, rose 1.05% to 102.56 dollars a barrel. After several days of strong increases, the TTF natural gasalso a reference on the Old Continent, there remains 1.57%, up to 202 euros per megawatt hour.
The interest of the Spanish 10-year bond amounts to 1.97%; while Spain’s risk premium eases to 116.85 basis points.