Ibex stops its bull run at 11,300 points.

European stock markets, which did not have good data for quotes today, corrected moderately after yesterday’s growth after good inflation data from the US. The Ibex index broke its four-session upward streak that took it to 2015 highs. The Spanish index has corrected by 0.56% and starts tomorrow at 11,299.30 points.

European markets relaxed after the fallout caused by yesterday’s report. US CPI. The absence of negative surprises, such as an unexpected rise in inflation, would be enough to renew hopes for an upcoming rate cut by the Federal Reserve, at least in September.

By then, the market is confident that the consumer price index could move closer to the Fed’s target of about 2%, from the current 3.4%. These hopes were embodied yesterday in a retreat to debt interest, which are recovering slightly today. Funding costs rise above 4.35% for 10-year US bonds. In Europe, the interest rate on German bonds is around 2.45%, compared with 3.20% on ten-year Spanish bonds.

Capricorn 35

Spanish stock market cooled the bullish momentum of recent days, especially reflected in yesterday’s session, when the Ibex index rose above 1%. The benchmark index, after four consecutive sessions of gains and destruction of 2015 highs, was infected by more relaxation that was on the agenda and fell 0.56% to close at 11,299.30 points.

The leader of the ranking was Colonial with an increase of 4.15%. CriteriaCaixa is set to become the first shareholder of Catalan Socimi with a 17% stake through a capital increase to which the holding company will contribute 350 million euros in cash and 272 million in assets.

Quotes BBVA and Sabadell Today they acted in unison again. After yesterday’s gains, the two banks’ prices corrected by 2.22% and 2.44% respectively in a session full of declines in the sector. The businesses that best withstood sales pressure were Santander (-0.16%) and Unicaja (-0.23%).

The correction has reached Grifols, which fell 2.26% after being one of the most bullish readings of the session yesterday, thanks to the market’s approval of its performance. Today it became known that Goldman Sachs exceeded 6% in the capital of the pharmaceutical company. Sales were also imposed on the price MAG (-2.92%), weighed down by the stock market decline suffered by easyJet as a result of its results.

On this day something new happened oops on the Spanish stock market, which was launched by JSS on Socimi Árima. The $245 million cash offer includes a 39% premium to yesterday’s closing price. Actions Arima They responded with an increase of 33.23% to accommodate this premium.

European stock market

European shares It also took a break from the string of record highs seen these days across much of the region’s major indices. With no major mentions in today’s session, the German Dax fell 0.69% and delayed its assault on the unprecedented 19,000-point barrier. The French Cac depreciated by 0.63%, and the British Ftse by at least 0.08%. The Italian Mib, against the trend, added 0.12%.

The modest flow of results has left a favorable tone in the prices of insurance sector companies such as Zurich (+3.5%) and Swiss Re (+3.8%). The market reaction was much less favorable to reports published by companies such as Ubisoft, deflated by 13.5% on the Paris Stock Exchange. London waterfall EasyJet (-6%) as a punishment for its accounts, while on the Milan exchange the energy company Anya has accused of reducing by 2.2% the sale of a 2.8% stake by the Italian state.

Euro, oil, gold and bitcoin

Investors today are limited to consolidating portfolio adjustments caused by yesterday’s release of the US Consumer Price Index. He dollar became one of the biggest casualties of containing inflationary tensions as options for future Fed rate cuts were revived. Euro stops its growth today at $1.09, while lb. The British currency is currently facing the $1.27 threshold.

Dollar correction puts upward pressure on prices Oil, denominated in US currency. In addition, hopes for an upcoming Fed rate cut are bolstering crude oil demand expectations. A barrel of Brent is regaining $83, while a barrel of West Texas, the US benchmark, is above $79.

He gold is corrected without moving away from the level of $2,400 per ounce, while bitcoin about $66,000.