The cuts are back on the parquet. Ibex 35 is losing more than 1%, losing the 11,000 level and even risks 10,900 points. The market is correcting in anticipation of news on the political front and inflation data in the eurozone.
Only three values are raised:
Redeya: 0.3%
Logistics: 0.2%
Repsol: 0.1%
Those who will lose the most:
Enagas: -7.8%. The price does not include the dividend that will be paid next Thursday, which amounts to 1.04 euros per share.
Aksiona: -5.3%. The construction company also today reduced the coupon it will pay to its shareholders on Thursday, which is 4.88 euros.
SAU: -4.5%. The construction group is holding dividend elections, and today it is also discounting dividends.
The main Asian indices are positive today. The Nikkei Index rose by 1.1%, Hong Kong’s Hang Seng by 0.3%, and the Shanghai Composite by 0.1%.
Wall Street closed in the green on Monday, with the tech-heavy Nasdaq ending the session at an all-time high of 17,879, up 0.83%, benefiting from the continued advancement of artificial intelligence (AI). The Dow Jones Industrial Average rose 0.13%, and the S&P 500 gained 0.27%.
Analysts at fintech firm Ebury explain that “as expected, Le Pen’s coalition won the first round of the French Assembly elections yesterday, while Mélenchon’s left-wing Front finished a strong second and Macron’s centrist party finished a poor third. However, it remains unclear whether the far-right coalition will secure an absolute majority in the second round of elections next Sunday.” The euro was slightly higher in the early hours of Asian trading, as the first round result was largely in line with polls and market expectations, and perhaps also due to relief that the left-wing Front did not outperform the polls. The other focus of political attention was on the United States, where Biden’s dismal debate performance has left Trump the clear favourite to win the November election, although financial markets are taking the result in stride. Politics will remain a focus for investors and talks this week. The second round of French legislative elections, the possibility of Biden dropping out of the US presidential race and the UK general election on Thursday make for an unusually busy calendar that could generate a lot of volatility.”
Martin Wolburg, chief economist at Generali AM: “After the first round, the French elections will still be the focus of many investors. However, there will also be a general election in the UK on 4 July (Thursday). The country has been governed by the Conservatives since 2010. However, polls overwhelmingly show a shift from a centre-right to a centre-left Labour government. “It is very likely that the next election will give Labour a very comfortable majority.”
On the currency market, the euro remains at $1.0729.
On the raw materials market, a barrel of Brent is rising in price and approaching $87.
In the debt market, the yield on Spanish 10-year bonds falls to 3.441%.
Quotes
STOCK EXCHANGE – CURRENCIES – DEBT – INTEREST RATES – RAW MATERIALS
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