MADRID, 3 years ago. (EUROPA PRESS) –
The Ibex 35 closed the session positive, with a lead of 0.56%, which led it to close at 8,142.1 integers, consolidating the level of 8,100 points that the selective recovered on Wednesday, after losing it on July 29.
The day was marked by the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, which decided to increase its joint production by only 100,000 barrels of oil per day from September.
This decision contrasts with that taken in June, when OPEC+ decided to accelerate the increase in production for July and August to 648,000 barrels per day, against the previous pace of 432,000 barrels, an increase of more than 200. 000 barrels.
After this news, the price of a barrel of Brent, a benchmark for Europe, fell to 98 dollars, with a drop of 2% compared to the value marked yesterday, while Texas stood at 92 dollars, with also a decrease of 2%.
Among the references of the day, also stands out the publication of the composite index of purchasing managers (PMI) of the euro zone, where the activity of the private sector contracted in July for the first time in 17 months, due to the demand impact of high inflation. In fact, the index fell to 49.9 points from 52 the previous month. On the other hand, the Russian PMI shows that the growth of private activity accelerated its expansion in July.
In Spain, the PMI for the services sector was published, which maintained a positive development in July with a solid expansion rate, which stood at 53.8 points, compared to 54 in the previous month, despite the inflation and deteriorating economic expectations.
However, the composite PMI for the Spanish economy moderated to 52.7 points from a full 53.6 in June, indicating the weakest level of expansion of private sector activity in the country in six last months.
Regarding the arrival yesterday of the speaker of the House of Representatives of the United States, Nancy Pelosi, in Taiwan, it seems that the tensions have subsided, which allowed the Japanese Nikkei to register increases (+0.53 %) and on the Hang Seng of the Hong Kong Stock Exchange (+0.40%), even if the Shanghai CSI 300 fell by 0.97%.
In this context, the strongest increases were recorded by Fluidra (+6.56%), PharmaMar (+3.28%), BBVA (+3.24%), IAG (+2.63%), Aena ( +2.40%), Indra (+2.32%), Grifols (+2.18%), Banco Santander (+2.05%), Amadeus (+1.90%). On the other hand, there was Acciona (-2.54%), Enagás (-1.93%), CaixaBank (-1.80%), Sabadell (-1.42%), Red Eléctrica (-1.33% ) and Telefónica (-1.19%).
The rest of the European stock markets also closed “in green”, with 1.03% in Frankfurt, 1.00% in Milan, 0.97% in Paris and 0.49% in London.
Finally, the rate of the euro against the dollar stood at 1.0138 “greenback”, while the risk premium stood at 112 basis points and the yield on the Spanish bond at ten years at 1.974%.