Ibex 35: closed at 11,260 points under pressure from Grifols and Ferrovial.

European stock markets ended the session mixed. DAX loses 0.10%, above 18,610 points, FT-100 adds 0.48% to 8,320 points, the CAC 40 gains just over two tenths to 7,590 points, the Eurostoxx 50 loses just over a quarter of a point to 4,890 points, and FTSE MIB There was a 0.1% drop to 33,615 points. The IBEX 35 index closed down 0.11%, above 11,265 points.

The Madrid Elections Market ended a very positive week, ending up 2.99%, thanks to a more than 1% gain on Friday after Federal Reserve President Jerome Powell confirmed that the institution would begin adjusting interest rates in September.

Among the most penalized stocks was Grifols A, which fell more than 2% to 9.5780 euros. The value is moving toward the bottom of the sample after rising in recent sessions. The value has risen 8.20% since it was revealed in early July that Brookfield would seek to join the founding family in a takeover bid for the blood products company to remove it from the market.

Ferrovial and IAG (Iberia) followed suit, falling more than 1% to €36.68 and €20.980.

On a positive note, Inmobiliaria Colonial is leading the rise, up 1.7% to €5.6850, while MERLIN Properties and Sacyr are closing the gap, registering gains of more than 1.3% to €11.25 and €3,520 respectively.

Among the most traded stocks, Banco Santander closed down more than half a percent at 4.3270 euros, Repsol rose just over three-tenths to above 12.6650 euros and BBVA fell 0.25 percent to 9.4160 euros. The two most valuable names in the Ibex 35 index, Inditex and Iberdrola, ended the session with mixed results. They had once again closed at record highs on Friday. In the case of Inditex, only six names in the Euro Stoxx 50 are already valued above it, and some are already close. Inditex shares fell 0.4 percent to 49.19 euros, while the utility gained 0.2 percent to close at 12.72 euros.

On the corporate side, the Texas Transportation Commission (USA) suspended the new agreement over the weekend and is continuing the process of early termination of the SH-288 concession contract, due March 28, 2024, currently held by ACS Group and Abertis. Consequently, under the current contract, the project will once again become public property of the State of Texas through the payment of $1,732 million (over €1,547 million), of which $524 million (€484 million) belongs to Iridium Infraestructuras, a subsidiary of ACS.

In the continuous market, CIE Automotive is one of the main protagonists of the session, as the company plans to increase its production capacity in North America, where it has 17 plants distributed between Mexico (12 centers) and the United States (5). Most of the expansion of the production of automotive components will be concentrated in the Aztec country. In addition, Bankinter has published a value report recommending its purchase with a target price of 33.1 euros.

Among the continuous market leaders, Nyesa Valores and PharmaMar were up more than 3% at the close to top the index, while Urbas and Global Dominion finished the session up more than 2%.

Grifols B shares reacted negatively, falling more than 2.59%, while IGrupo Insur and Miquel y Costas shares fell more than 2%, so they will start trading tomorrow at 8.45 euros and 12.75 euros respectively.

Focus on macro inflation data

On the macro front, today we learned about the Spanish PPI for July, which was -1.4%, while the monthly rate rose by 1.7%. Also, throughout the morning, the German IFO business confidence index was known, which fell to 86.6 points, while in the US

all morning Also known is the IFO business confidence index in Germany, which falls to 86.6 points.while in the US this afternoon it was reported that durable goods orders rose 9.9% in July, compared with the consensus forecast of 5.7% and -6.9 in June.

Nevertheless, Inflation data to dominate this weekBetween Thursday and Friday, preliminary consumer price index readings for August will be released in the eurozone and its major economies, while the U.S. will release consumer price index (PCE) readings for the same month on Friday, the price variable most closely followed by Fed members when setting their monetary policy.

“In all cases, it is expected that the disinflationary process will be confirmed to have ended in August, which would contribute, if so, to the realization of the expectations of a reduction in official interest rates, discounted by the markets,” says Juan J. Fernández-Figares of Link Gestión. “Any negative surprise indicating more persistent inflation than expected would be poorly received by bond and equity markets.”

Brent barrel rises above $80

In commodity markets, oil prices are rising sharply, with Brent rebounding to $80 amid the turmoil in the Middle East. First, in one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, while the Israeli military said it had targeted Lebanon with about 100 aircraft to prevent a larger attack. Elsewhere, Libya’s eastern government in Benghazi announced that the country’s oil production and exports would be halted amid a dispute with the internationally recognized Western government in Tripoli over who should run the central bank.

European Brent crude futures rose 2.7% to $80.26 a barrel, while U.S. West Texas Intermediate futures rose 3.3% to $77.31 a barrel. Both contracts rose more than 2% on Friday after Federal Reserve Chairman Jerome Powell backed a move to cut rates.

The euro-dollar falls 0.19% against the dollar until the exchange rate remains at $1.1171 for each individual currency.