The Ibex 35 turns around, loses 0.8% and says goodbye to 8,100 points

02/08/2022 at 14:13


The Madrid selective closes the first session of August in ‘red’ after a month of July of presentation of the results of the first half and rate hikes of the ECB and the Fed

The Ibex 35 closed in negative, with a decrease of 0.87%after citing half of the session in negative, leading to him ending the session on the first day of August in the 8,085.1 integersin a context traditionally marked by lower stock market activity following the summer period, after a month of July of presentation of first-half results and rate hikes by the European Central Bank (ECB) and the Federal Reserve (Fed) of The United States joined.

In Spain, the government is expected to approve today a set of urgent measures for efficiency and energy savings, as announced at a press conference last Friday by the President of the Government, Pedro Sánchez.

Concretely, the decree relating to energy saving measures extends the temperature standards already applied in the bodies of the Administration to public transport, workplaces, shops and businesses open to the public.

This regulation establishes that the air conditioning temperature in summer should not be lower than 27 degreeswhile heating should not exceed 19 degrees.

In addition, it is now known that manufacturing activity in Spain deteriorated last July due to the impact of inflation and economic uncertainty on demand, as evidenced by the Directors’ Index (PMI), which fell to 48.7 points from 52.6 the previous month, for the first time since May 2020 below the 50-point threshold that separates growth from contraction.

In the case of the euro area as a whole, manufacturing activity also slowed in July, when the PMI fell to 49.8 pointsagainst 52.1 in June, its worst reading in 25 months.

XTB analyst Joaquín Robles indicated that the earnings season will continue in the United States this week, with the publication of accounts from Activision Blizzard, CVS Health, Booking or Moderna. In Spain on Tuesday, Siemens Gamesa will report its results, while Naturgy will do so on Thursday.

Another important reference this week will be the OPEC+ meeting this Wednesday, where representatives of major oil-holding countries will discuss crude oil production quotas. Robles indicated in this regard that the United States is pressuring the members of the organization to increase production “again”.

In this context, the strongest increases were recorded by Bankinter (+1.77%), Inditex (+0.76%), Amadeus (+0.42%), Siemens Gamesa (+0.39%), Ferrovial (+0.31%) and Acciona Energía (+0.23%), while on the opposite side were Solaria (-8.01%), Grifols (-5.34%), Acerinox (-3.31) , Enagás (-2.75%) and ACS (-2.65%).

The rest of european bags They also turned around and ended with slight declines: 0.13% in London, 0.18% in Paris and 0.03% in Frankfurt. Only Milan recorded a slight lead of 0.11% at the close.

On the other hand, the price of a barrel of Brent-grade oil, a benchmark for the Old Continent, stood at 99.34 dollars, down 4.4%, while Texas settled at 93.18 dollars. , after a drop of 5.5%.

Finally, the rate of the euro against the dollar stood at 1.0273 “greenback”, while the risk premium stood at 107 basis points and the yield of the Spanish ten-year bond at 1.849%.

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