Start of the week in green for the IBEX 35, which seeks to take advantage of the calm of August and continue its upward trend. The selective sealed its fourth consecutive increase on Friday, and today it is aiming for the fifth.
Concretely, this Monday the Ibex 35 rose by 0.99% to 8,248 points. The biggest increases in IBEX 35 are for Santander bankby 1.76% in the 2.5450 euros, Solarium increases by 1.59% in the 22.95% and caixabanque advance of more than 1% to 3.0480 euros. No value starts the day negative; those who download the least are Siemens Gamesaand 0.17%; Rovi Laboratories0.20% and Railwayand 0.31%.
The Spanish index continues to trade sideways for another day, albeit approaching the upper end of the range, and looks to consolidate above 8,200 points at the close. However, “the rebound is insufficient until we begin to appreciate a breach of the 8,390 resistance. Meanwhile, weakness dominates the price,” says technical analyst José Antonio González in his Weekly analysis of all Ibex 35 shares.
On the Continuous Market, the biggest increases concern MAG (7.32), Coke (.3.91%) y AmRest (3.66%). Conversely, the stocks that fell the most were those of Air (-3.05%), Rioja wineries (-2.86%) y Prosegur Cash (-23.4%).
Amrest records second-quarter revenue of 606 million euros (Reuters)
In Europe, also opening up. The EURO STOXX 50, the main indicator of the Old Continent, rose 0.76% at the opening at 3,753 points, while the German DAX rose 0.81%. In Paris, the CAC 40 rose by 0.62% and in London the FTSE 100 rose by 0.61%.
Wall Street closed last Friday with a mixed sign. More specifically, the Average of the DOW JONES index closed with gains of 0.23% while S&P500 ended the session last Friday with a subtraction of 0.16% and the NASDAQ 100 subtracts 0.78%. Currently, futures are up about 0.05% for the Dow Jones and S&P 500 and 0.20% for the tech index.
The majority of asian bags They were trading lower on Monday and the dollar held firm, after a surprising US jobs report pushed back recession fears but also bolstered the case for interest rate hikes. wider interest. Markets quickly priced in a roughly 70% chance the Federal Reserve would raise interest rates by 75 basis points in September, pushing two-year US sovereign yields up 20 basis points on Friday, reversing more the yield curve.
The Nikkei 225 pared opening losses, although the rally was limited amid continued uptick in corporate earnings. The Hang Seng and Shanghai Comp indices were mixed on stronger than expected Chinese trade data.
The Chinese export growth unexpectedly accelerated in July, providing an encouraging boost to the economy as it struggles to recover from COVID-19, but weakening global demand could start to dampen shipments in the coming months.
Japan recorded a negative current account balance last June worth 132.4 billion yen (962 million euros), falling into the red for the first time in five months, the government reported on Monday. The data contrasts with the surplus of 739,600 million yen (5,381 million euros) that the world’s third-largest economy recorded in the same month a year earlier, according to data released today by the Ministry of Foreign Affairs. Finance. The Asian country had recorded a current account surplus of 128.4 billion yen (about 927 million euros) in May, a figure 92.8% lower than that recorded in the same month of 2021.
In the oil market Brent crude futures rose 0.86% to $95.74 a barrel, while West Texas futures rose 0.88% to $95.74.
The dollar edged higher against the yen on Monday, continuing the momentum of strong gains posted at the end of last week, after surprising U.S. jobs data raised expectations of more aggressive monetary policy tightening in the Fed. The greenback rose 0.1% to 135.155 yen, after hitting 135.585 yen, its highest since July 28, after rising 1.57% in the previous session, its biggest single-day gain. from June 17. The dollar index, which measures the currency against six peers, was at 106.54, not far from Friday’s high of 106.93, also the strongest since July 28.
au pair EUR/USDthe euro is trading at $1.0180.
In the cryptocurrency market, the Bitcoin climbed more than 3% to 23,696.4 dollars.
The truce with which the week begins in the financial markets keeps the price of gold below $1,200 an ounce.
program of the day
In Spain, the government has finally convened a sectoral conference for this Monday at 10 a.m. to analyze with the regional councilors the details of the energy saving project and “clear doubts” about the scope and application of the measures which come into force on Wednesday.
In the Eurozone, the focus today is Eurozone Investor Confidence data – Sentix, for the month of August.