Ibex breaks the bearish streak, but cannot with 9900 points

After yesterday’s fall in Europe, buying dominated the day without major mentions. The lagging Ibex index interrupted a series of three sessions of decline, but limited growth to 0.13% and will start tomorrow at 9880.30 points.

European stock markets have finally recovered from yesterday’s decline due to a combination of rising inflation and weak Chinese economic growth. Added to all this is the fear of additional inflationary effects from the Red Sea crisis.

central banks They were also responsible over the previous two days for highlighting that the market’s target date for rate cuts, March, may be too early. ECB President Christine Lagarde has clearly pointed to the summer as a possible start date for rate cuts.

Caution prevails among investors, who are questioning their previous roadmap for rate cuts, both in terms of timing and extent. Thus debt interest They resumed the progress they started the year with. The required yield on US 10-year bonds, after breaking the 4% barrier in previous sessions, now exceeds 4.10%. In Europe, the interest rate on German bonds is around 2.30% and on Spanish bonds around 3.25%.

Capricorn 35

Spanish stock market It broke a series of three sessions of declines, but faced the level of 9900 points. At the end of trading, it added 0.13% and ended the session at 9880.30 points.

Quote Grifols failed to stop its decline, which resumed in yesterday’s session when it became known about short positions created by a new bearish firm in its capital. The blood products company ended yesterday at new lows following the crisis unleashed by Gotham, and today, again at the bottom of the list, it recorded another decline of 2.41%.

They also burden Ibex utilities such as Endesa (-1.73%), Naturgy (-1.45%) and Iberdrola (-1.62%) amid rising financing costs.

The companies most closely associated with tourism are among the strongest on Ibex today. Ena estimated JPMorgan analysts to improve by 1.14%, while Melia (+2.65%) maintained yesterday’s good tone, receiving support from BNP Paribas analysts. Amadeus was overvalued by 1.74% and MAG1.69%.

Banks also helped contain the decline in the Ibex index. Values ​​like Sabadell Bank (+2.46%) and Santander (+1.45%) resumed growth a week before the start of the sector’s results reporting season.

Solarium, Action And Activate energy They were responsible for three of the biggest declines in the Ibex index yesterday, with losses of more than 4.4% in all cases, driven by bearish sentiment in the sector in Europe and asset sales by shareholders such as Norwegian sovereign wealth fund Solaria. They closed today with a mixed sign. Activate energy (+2.60%) recovered strongly; Action (+1%) increased by 0.39% and Solarium There is still 0.95% left.

European stock market

The rest European shares rebound after yesterday’s fall. Pressure on inflation and the economy continues as Maersk warns of shipping congestion caused by the Red Sea crisis and a cold wave that is hampering shipping. The pan-European Stoxx 600 index is trying to stay close to the 470 point level lost in the previous session.

The start of earnings season in Europe brings a day of strong contrasts. The luxury sector took a breather in the stock market thanks to a positive surprise caused by the figures presented Richmont. The company’s shares rose 10.9% and boosted gains from French heavyweights CAC such as LVMH (+2.6%), Kering (+2.2%) and Hermes (+1.8%). The sector manages to avoid downward pressure from Swiss watches, crashed 34.6% on its way to its worst session on record after issuing a “profit warning.” At the opposite extreme, where growth is greatest, the 39% growth achieved by the hydrogen company stands out. Ceres as consideration for a long-term supply agreement reached with Delta Electronics. An increase of 15% is recorded by the online bookmaker. flutter after their results were rechecked, the exact opposite of what happened this week with its rival 888 happened.

Oil, Euro, Gold and Bitcoin

Equity investors remain wary of continued geopolitical tensions in the Middle East and the Red Sea in particular. The risk of a worsening situation in the region does not interfere with the relative stability of prices for Oil over the past few days. Barrel Brent repeats small movements, with a small rebound today to $78. The West Texas standard barrel in the US costs $73.

Quote Euro moves away from the $1.09 threshold. lb. The British pound, in turn, is again trading within a step of the level of $1.27.

He gold is trying to expand its cushion above $2,000 an ounce. bitcoin It is still stuck at $43,000.

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