The Ibex 35 index rose above 11,300 points, pushed up by the US CPI.
VALENCIA (EP). He The Ibex 35 closed 1.10% higher on Wednesday.which led to him being placed in 11,362 points on the day it was reported that the US Consumer Price Index (CPI) fell by one-tenth in April compared to March, reaching 3.4% year on year.
The Madrid index thus rose to an unprecedented high since August 2015 (11,239.3 points), ending this holiday session in Madrid with most of its values in green, in a week also marked by the evolution of the index. Hostile takeover proposal of BBVA Banco Sabadell.
This Wednesday the European Commission raised the issue forecast for Spain GDP growthto 2.1%, higher than government estimates.
In particular, the Commission estimates that Spain’s deficit will fall to 3% in 2024, in line with government forecasts, and to 2.8% in 2025, in this case three tenths higher than national forecasts, but notes a downward trajectory driven by favorable dynamics. revenues and the phasing out of energy-related measures.
Brussels has thus approved an update to the government’s fiscal forecasts, which show Spain will meet the 2024 target of 3% of GDP required by new fiscal rules, despite closing with a deficit of 3.6% of GDP. in 2023, which will be taken into account in the possible opening of excessive deficit cases on June 19.
He eurozone gross domestic product (GDP) registered growth of 0.3% in the first quarter of 2024 compared with the fourth quarter of last year, when the economy contracted by 0.1%, according to a second reading of data published by Eurostat, which confirmed its preliminary estimate.
For the European Union (EU) as a whole, GDP growth was also estimated by the Community Statistics Office to be 0.3% between January and March, following stagnation in the fourth and third quarters of last year.
This Wednesday, the European Commission floated another 6 billion euros in its fifth syndicated operation of 2024, a single-tranche deal that attracted offers from investors totaling 86 billion.
Today it is also known that US Consumer Price Index (CPI) It fell one-tenth in April from March, reaching 3.4% year-on-year, in line with market expectations and below March’s 3.5%. On a monthly basis, prices rose 0.3%, one-tenth below expectations. Core inflation was 3.6%.
In this context, Colonial was the most bullish value of the sample index at the close of the session with its share price rising by 4.15%, followed by Grifols (+3.37%), Marlin (+3.36%) and BBVA (3.03%). On the opposite side the waterfall leads Kaishabank (-1.61%), Solarium (-1.55%) and Repsol (-0.94%).
Actions Grifols closed this Wednesday up 3.37% after reporting results this week with a net profit of 21.4 million euros for the first quarter of this year, and after the Gotham City Research bearish fund launched a new attack on the pharmaceutical firm.
Major European stock markets maintained their growth, as did the Madrid stock market. So the stock market Frankfurt added 0.77%, while London it happened by 0.20%, and the stock market Paris 0.16%.
Price barrel of quality Brent oilthe Old Continent benchmark fell 0.84% to $81.73, while Texas was at $77.38, also down about 0.81%.
In that currency marketthe price of the euro against the dollar remained at US$1.0867, while in the debt market the required interest rate on 10-year Spanish bonds was 3.189%.