Capricorn scores 10,900 points, led by Indra and Grifols.
European stock markets started the week higher, helped by a truce on debt and oil following the release of US jobs data on Friday, as well as a holiday in the UK. The Ibex index, which lost 2.7% last week, recovered 0.58% to 10,917.50 points, led by Indra and Grifols.
The week started off with a bang at one of Europe’s main hubs of activity, the London Stock Exchange, and we were still focused on the impact of employment data USA published last Friday. A marked slowdown in job creation, including rising unemployment rates, has raised renewed fears of an economic slowdown. But at the same time, it lowered interest rates on debt and again revived the possibility of a coming rate cut.
The debt market, which is most sensitive to monetary policy, is retreating from the possibility of a more accommodative stance from the Fed. debt interest correct from its recent six-month highs. The required yield on US 10-year bonds falls to around 4.50%, just as in Europe the German bond rate is below 2.50% compared to the Spanish 10-year bond rate of around 3.25%.
Debt market investors did not miss the strong correction that the price caused Oil, one of the main sources of inflationary tension. Concerns about slowing economic growth in the US led to a decline in the price of a barrel of Brent to $83, a level that is consolidating in today’s session. The West Texas style barrel, the US standard, costs $78.
Capricorn 35
Spanish stock market It still takes into account adjustments driven by U.S. employment data in markets such as debt and currency, while citing new business results both domestically and internationally. Ibex, having lost 2.7% last week, intensified its rebound and recorded an increase of 0.58%, recovering by 10,900 points. In particular, the Spanish selection starts tomorrow with 10917.50 points.
Today, in the season of summing up, special attention was paid to Indra, one of the most optimistic readings of the Ibex index this year. The company beat market forecasts, saying its profit rose 40% thanks to the strength of its defense business. Indra shares soared 8.83%.
Grifols noted with a 7.09% increase new progress made in completing the sale of 20% of its Chinese subsidiary Shanghai Raas.
At today’s session, Ibex received another notable support from Ferrovial. The concession company’s shares rose 2.40% ahead of its expected debut on the US Nasdaq.
Constant monitoring of prices in recent days BBVA and Sabadell with the end of the sessions it gave way to more restrained movements. In anticipation of Sabadell’s first announcements on its proposed merger with BBVA, investors continue to exit BBVA (-0.10%) shares, while Sabadell (+0.24%) slows to the brink of €1.90 per share.
Investors aren’t missing out on evolution Puig on the second day, as indicated. The debut last Friday ended unchanged, settling at 24.5 euros per share. In today’s session it was revalued by 4.1% to 25.5 euros per share.
European stock market
European shares The week began due to the closure of one of the main centers of activity in Europe due to the London Stock Exchange holiday. As soon as better-than-expected final eurozone composite PMI data became available, Germany’s Dax reacted by rising 0.96% to close above the 18,000-point barrier. French Cac rose in price by 0.49%, Italian Mib – by 1.06%.
Corporate moves and results took center stage at the start of the week in European markets. Athos, which opened up more than 10% after announcing up to four offers to participate in the group’s planned restructuring, finally closed down 4.4%. Danish company Demandin turn, fell 3.6% after the results were published.
Euro, gold and bitcoin
The lull in the publication of important macro data extended to the main currency market crosses. He Euro It strengthened above the $1.07 level recovered last week, helped by weak US jobs data and today’s better-than-expected eurozone composite PMI data. lb. The British dollar, in turn, strengthens at $1.26 three days before the Bank of England meeting.
The brakes recorded in the dollar and in debt interest work in favor of gold. The precious metal has resumed its rise and is extending its cushion above the $2,300 per ounce level. In the crypto market, in turn, bitcoin It is trading at $63,000 after increasing the cumulative recovery from its ETF’s worst day to 14%.