The Ibex 35 closes its third positive week with a lead of 0.14%

The Ibex 35 closed the first week of August with a advance of 0.14% and consolidation at 8,100 integerswhich means that the selective chain of Madrid already three positive weeks.

XTB analyst Joaquín Robles pointed out that the 8,000 points became “one of the most important media” for the index and only lost them temporarily in March with the start of the war in Ukraine and in early July due to the change in position of central banks. ” The gradual deterioration of the economy was overshadowed by U.S. corporate earnings and employment data“, he added.

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The expert underlined the behavior of banks in the Madrid selective, which led the rises due to the prospect of further rate hikeseven if the threat of an economic slowdown has not dissipated and continues to be an element of pressure on corporate prices.

the oaks too highlighted the tensions generated between the United States and Chinafollowing the visit to Taiwan by the Speaker of the United States House of Representatives, Nancy Pelosi.

“China sent warships for the first time in a long time and announced that it would stop negotiations with the United States in work, defense and climate change. This situation could stop the intention of the American president, Joe Biden, to eliminate tariffs worth 300 billion dollars in order to smooth inflation”, explains the analyst.

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Among this Friday’s references, the report on employment in United States. The US economy added a total of 528,000 new non-farm jobs in July.

Robles stressed that this is “good news” as it could help bring about the “long-awaited soft landing” for the US economy, although it could also provide new reasons for the Reserve. federal government (Fed) to raise base rates again by 75%. points. The key will be in July inflation datawhich will be unveiled next week.

SLIGHT INCREASE OF 0.08%

During this Friday’s session, the Ibex 35 closed with a slight increase of 0.08%, reaching 8,168.00 integers. Highlighted the progress de Sabadell (+4.33%), CaixaBank (+3.01%), Acciona (+2.10%), Solaria (+1.76%) and Acerinox (+1.74%).

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On the contrary, recorded negative numbers Cellnex (-3.23%), Naturgy (-2.65%), Colonial (-1.61%), Amadeus (-1.47%), Ferrovial (-1.44%) and Acciona Energía (-1 ,2.3%).

Naturgy has announced a delay in the publication of its results for the first half of this year, which was scheduled for this Friday, next August 11, due to the notification today of a contrary judicial decision received by its issuing entity Metrogas due to the open conflict for years on the cessation of Argentine natural gas shipments.

As for rest of the European stock markets, closed the session on Friday in negativeunlike the Ibex 35. London lost 0.11% during Friday’s session, Paris, 0.63%, Frankfurt, 0.65% and Milan, 0.26%.

Industrial production in the Community of Madrid increased by 8.4% in June, two points more than the national average

The Brent grade oil price per barrelbenchmark for the Old Continent, settled at $95.63, up 1.59%, while Texas settled at $89.9, up 1.6%

Finally, the price of euro against dollar it was placed at 1.0169 “greenbacks”, while the risk premium stood at 109 basis points and the yield on the ten-year Spanish bond was set at 2.023%.

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