Ibex 35 closes in a tie despite banks’ sprint

VALENCIA (EP) – The Ibex 35 index closed on Thursday up slightly by 0.09% to 11,066.3 despite rising values. banking and for the waterfall Iberdrola And Repsol – whose prices were affected by the “no dividend” effect – on a day when the markets were not expecting the link Wall Street When is Independence Day celebrated in the USA?

The Spanish qualifying round has started with indecision per day: in the morning it fell and threatened the 11,000 whole number level, only to finally recover and make a timid rise in the afternoon.

Inside limited “macroeconomic” agenda Only one member of the European Central Bank’s (ECB) Governing Council spoke out against the decision to cut interest rates at the institution’s latest meeting, it emerged on Thursday, although several members of the council expressed doubts during the discussions about the ongoing process of reducing inflation with the aim of reaching the 2% target by 2025 and that the rate cut in June would be in line with the data-driven principle, the minutes of the organisation’s latest meeting show.

The summary of the ECB’s decision-making body meeting on June 4 and 5 confirms the existence of a dissident position within the Governing Council when it came to cutting interest rates, a decision that was ultimately taken, but suggests a much more intense debate on the issue and the future path to be taken.

For my part, it is worth noting that yesterday it became known (with the European market already closed) that members of the Federal Open Market Committee (FOMC) US Federal Reserve System (FRS) According to the minutes of the June 12 meeting, opinions were divided on how long interest rates could be kept in the current target range of 5.25% to 5.5%.

Returning to the Old Continent, it was announced this Thursday that new orders in the German manufacturing sector fell by 1.6% in May compared to the previous month, when they fell by 0.6%, thus accumulating five consecutive monthly declines, according to data from the Federal Statistical Office (Destatis) reported this Thursday.

Investors will also be paying attention to the political situation, with the UK election taking place today and France next Sunday.

On the other hand, the European Union is preparing to impose, starting this Thursday, July 4, preliminary tariffs of up to 38% on battery-electric vehicles imported from China. This measure comes after weeks of fruitless contacts between Brussels and Beijing to find a solution to the problem of subsidies received by Chinese manufacturers, which the Europeans consider an “unfair” advantage over their brands.

Likewise, the president of Banco Sabadell, Josep Oliucalled on BBVA to publish “clear, transparent and complete” information on all elements that could affect the price offered in the public acquisition offer (takeover bid) put forward for the company it manages.

On the other hand, Grifols appointed Rahul Srinivasanformer Bank of America executive as the new CFO, replacing Alfredo Arroyo, who has decided to step down after 17 years with the company, the company said in a statement.

In this context, the decline in selective shares was led by Iberdrola and Repsol, whose shares lost 3.62% and 1.94% respectively, as they were affected by the ex-dividend effect, while Aena completed the list of declines with a decline of 0.1%.

Regarding profits, they stressed KaishaBank (+2.56%), Bankinter (+2.56%), Grifoli (+2.49%), Santander Bank (+2%), Enagas (+1.94%) and Action (+1.64%). Other banks, such as Unicaja And Sabadell Bankadded more than 1% during the session.

Progress was the common denominator in Europe: Frankfurt added 0.41%; Milan 0.77%; Paris 0.83% and London 0.86%.

In that raw materials marketAt the close of trading in Europe, a barrel of Brent crude rose 0.23% to $87.54, while a barrel of West Texas Intermediate (WTI) crude oil reached $83.97, up 0.11%.

In that debt marketThe yield on Spanish 10-year bonds closed at 3.392% after adding two basis points, while the risk premium (differential with German bunds) remained at 78.8 basis points.

Regarding foreign currencyThe euro strengthened 0.25% against the dollar to trade at $1.0812 per unit of the community currency.

Also gold It stood out for rising to around $2,360, a level from two weeks ago, while bitcoin fell 2.8% on Thursday afternoon to $57,800, its lowest since early May.