Capricorn reaches 11,000 but ends the semester up 8.3%.

The uncertainty raised by France acted as a drag on European stock markets, which closed mostly lower despite strong consumer price index data in the region and a drag on the US Federal Reserve’s preferred inflation gauge. Ibex ended the session down 0.07% at 10,943.70. Despite the decline over the last four sessions, the Spanish selection gained 8.3% for the semester as a whole.

European stock markets end session mostly lower from new all-time highs Wall Street. Following the first presidential debate between Joe Biden and Donald Trump, the media are converging on the current president being labeled the loser of the televised contest. While waiting for confirmation of the possible impact on the polls, the main Wall Street indices are catching their breath for the most anticipated data of the week: The Fed’s Preferred Inflation Indicator. Inflationary pressure fell from 2.7% to 2.6%, and the base rate fell from 2.8% to 2.6%. These two numbers are in line with expectations and help revive expectations of an upcoming rate cut by the Federal Reserve.

Data from the US also put the section at risk in the first place. European CPI data corresponds to June. Prices in France They fell a tenth more than expected, from 2.3% to 2.1%. IN Italy avoided the expected rebound and stabilized at 0.8%. And in Spain They stuck to script, cutting the rate from 3.6% to 3.4%. That price-containment trend is key to the European Central Bank being able to repeat the rate cuts it approved this month.

Beyond the consumer price index figures, European investors were not spared the uncertainty caused by Sunday’s celebration of the first round of elections. elections in France. Analyst firms warn of a significant impact they could have on the euro, debt and stock markets.

Tensions are rising ahead of the elections and, at the same time, risk premium France exceeds 80 basis points. The gap between Spain’s debt and Germany’s is about 90 basis points, with the interest rate on Spanish bonds at around 3.40% compared to 2.50% on German bonds.

Capricorn 35

The Ibex index, having once again encountered the barrier of 11,000 points lost yesterday, closed trading down 0.07% to 10,943.70 points. The last day of the month, quarter and semester will bring different balances in these periods. The Ibex index fell by 0.8% over the week; 3.3% in June and 1.2% over the quarter. However, the balance for the first half of the year shows a positive balance of 8.3%.

The biggest casualty of yesterday’s session on Ibex, Grifoli, which fell 12.2% as a result of Moody’s downgrade, today deepened its decline by another 1.38% and is moving away from 8 euros per share. Late yesterday the company announced it was reducing its debt levels in response to the Moody’s report.

The last day of the semester has ended Repsol with an advance payment of 0.65%. The energy company considered the two-month highs in oil prices and, in particular, the new assault on historical highs of its price, which is predicted by Jefferies analysts, as a favorable factor.

The resurgence of takeover bids on the Spanish stock market gained momentum today with the start of bidding for control of ErcrossThe takeover bid by Italian group Esseco improves on the offer previously submitted by Portuguese Bondalti, sending the chemical company’s shares up 11.89% in the rolling market.

European stock market

European shares was not carried away by the respite provided by the first June consumer price index data in Europe. Progress on “disinflation” has not escaped doses of political and financial uncertainty caused by Sunday’s elections in France. French Cac lost 0.68% and lagged again. The Italian Mib lost 0.10%, the British Ftse – 0.19%. The German Dax once again avoided the fall of other markets and added 0.14%.

In the French CAC, on the last day before the results of the first round of elections held in the country are known, such values ​​as Reality (-3%) acted as a brake. Without leaving the French Stock Exchange, the airline French airlines fell 4.2% after the cut issued by Barclays. The Finn recorded a more successful game. Nokia. Its price responded with a 1.5% rise to the announcement of the purchase of the American company Infinera. In the German Dax adidas (+0.2%) resisted selling pressure from rival Nike’s collapse following its results.

Euro, oil, gold and bitcoin

The change of semester focuses most of the attention on the foreign exchange market. In today’s session, this is due to inflation indicators on both sides of the Atlantic, and on Monday – with the movements that will be unleashed by the results of the elections in France. For now Euro signs a truce at $1.07, just like lb. UK repeats at $1.26.

The semester ends, in turn, at a price Oil in the zone for a maximum of two months. A barrel of Brent is trading at $85. Fears of geopolitical escalation due to confrontation between Israel and Lebanon are exerting upward pressure, as is the case with hurricane warnings in the Gulf of Mexico oil patch. The West Texas style barrel, the US standard, exchanges for $81.

An active shelter par excellence such as gold Further developments are expected at $2,340 per ounce. On the crypto market bitcoin He fails to stay at $61,000 and ends June with a decline again, which does not prevent him from finishing the semester with a 45% revaluation.