The Ibex 35 is saved from crashes in Europe thanks to the Fed’s aggressive roadmap

During the month of July, the United States economy generated a total of 528,000 new non-farm jobs, the twice as much as expected by the market consensuswhile the unemployment rate fell by a tenth to 3.5%, reported the Department of Labor’s Bureau of Labor Statistics, which confirmed the return “of both non-farm employment and the rate of unemployment at their pre-pandemic levels of February 2020”.

As a result, net employment growth in July accelerated considerably from the 398,000 net jobs generated in June and the 386,000 in May. “Job growth was broad-based, led by gains in recreation and hospitality, professional and business services, and health care,” the Labor Department said.

Red numbers prevailed in Europe, with declines of 0.78% in the EuroStoxx50, the Dax down 0.65%, the French Cac 40 down 0.63%, the FTSE Mib down 0.35% and the FTSE 100 Londoner 0.11%. The Ibex 35 has overcome the falls and ends up 0.08% at 8,168 points.

The biggest risers in the Ibex 35 were recorded by Banco Sabadell 4.33%, Caixabank 3.01%, Acciona 2.10%, Solaria 1.76% and Acerinox 1.74%. For their part, the shares that fell the most were those of Cellnex with 3.23%, Naturgy 2.65%, Colonial 1.61%, Amadeus 1.47% and Ferrovial 1.44%.

In the continuous market, Desa led the advances with a 20% increase, ISE scored 6.23% and Berkeley 3.72%. Vidrala left 2.79%, DIA 2.78% and NH Hotels 2.44%.

The new geopolitical challenge that arose after US House Speaker Nancy Pelosi’s visit to Taiwan last Tuesday and after learning of China’s response by launching historic military maneuvers that serve as a warning to his opponents, went unnoticed. , for now, in the markets.

The Hong Kong Stock Exchange rose 0.14% today in its main benchmark, the Hang Seng, in a day where growth in companies in the real estate sector stood out. The main index of the Seoul Stock Exchange, the Kospi, rose 0.72% on Friday, its third consecutive session on the rise, supported by purchases by foreign investors. The Japanese Nikkei 225, for its part, ended this Friday on an increase of 0.87%.

Investors are still waiting for decisions from central banks to stop high inflation. Yesterday, the Bank of England decided to apply a 50 basis point hike, the largest in 27 years.

In Spain, we knew this Friday that industrial production had increased by 6.4% in June compared to the same month in 2021 and chained two consecutive months of increases.

On a commercial level, PharmaMar has announced through the National Securities and Markets Commission (CNMV) that Zepzelca (lurbinectedin) has been granted Innovative Medicine Designation by the UK Medicines and Healthcare Products Regulatory Agency ( MHRA, for its acronym in English). The MHRA’s Innovative Licensing and Access Pathway (ILAP) aims to accelerate time to market by making it easier for patients to access medicines, PharmaMar explained.

Naturgy was forced to reformulate its accounts and postpone the presentation of its half-year results to August 11 after a judgment in Argentina against Metrogas, a Chilean company 55.6% owned by the multinational, was made public in recent hours. .

ACS will participate in the construction of the Green Line light rail in the Canadian city of Calgary, one of the largest infrastructure projects in the country, as part of the two finalist consortia for the award of the contract.

The key levels of the ibex

With today’s opening, the Ibex 35 continues to struggle “recover the positions of the rising guideline from the lows of March 2020”highlights technical analyst José Antonio González in his weekly analysis of all Ibex 35 shares.

However, “the rebound is insufficient until we begin to appreciate a break of resistance at 8,390 points. Meanwhile, weakness dominates price, forcing us to watch the latest low of 7,764 points, as well the rising guideline mentioned above, the punctures of which would allow an update of the bearish targets towards 7,287 points,” he says.

The price of a barrel of Brent-grade oil, a benchmark for the Old Continent, stands at 95.53 dollars, up 1.50%, while Texas stands at 89.75 dollars and is revalued by 1 ,4.5%.

Finally, the rate of the euro against the dollar stood at 1.02480 ‘greenback’, while the risk premium fell by 2.87% to 108.15 basis points and the yield of the ten-year Spanish bond stood at 2.03%.

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