The Ibex index holds 11,300 points and ends May with an increase of 4.3%.

European stock markets ended the day mixed and narrow, marked by rising inflation in the eurozone and stable data on personal consumption in the United States. The Ibex index, which had its best day since November yesterday, lost 0.14% but held on to 11,300 points and posted a 0.7% gain for the week. In May, the Spanish selective was overvalued by 4.3%.

European stock markets ended the week with a session in which investors’ attention was focused on inflation. May data for the eurozone exceeded forecasts by one tenth. The annualized consumer price index rose to 2.6% from 2.4% in April, compared with analysts’ expectations of 2.5%. Experts had already predicted that the disinflationary process would stop, although they expected it to slow down again in the summer.

After this information, glances turned to the United States, where a few hours later it became known. personal consumption price index, PCE, the price variable most closely followed by the Fed. The annual growth rate of overall PCE remained at 2.7%, in line with forecasts, as well as the core figure stable at 2.8%.

The Spanish stock market moved in a narrow range during the first part of the session between support at 11,300 points and resistance at 11,362.80, the highest levels of the year. After the S&P 500 and Nasdaq fell on Wall Street, the Ibex index lost 11,300 points at times, but recovered in the final stretch of the session to finish at 11,322 points, down 0.14%. Over the week, the Spanish selective added 0.7%, and in May added 4.3%.

After the recovery of inflation data in the eurozone, the banking sector closed with a mixed sign. Santanderwhich has already completed 80% of its share repurchase program, rose 0.97%, and Unicaja, 0.75%. With a rate cut of 0.30% it was all over. BBVAwhich called a meeting to raise capital and consider a takeover bid Sabadell (-0.08%).

Today increase Sakir, 1.59%, which analysts view as an entry opportunity after a capital raise. The plan is over Ena (-0.06%) is the main character today as it will bid to acquire Ferrovial and Macquarie airports in the United Kingdom.

The rest of the European stock markets, having maintained mixed dynamics throughout the first part of the session, finally opted for purchases, albeit moderate ones. The German Dax closed virtually unchanged (+0.01%), while the French Cac (+0.18%), Italian Mib (+0.13%) and British Ftse (+0.57%) finished the last session of the week with profits . .

He debt market During the session, it moved to the sound of inflation data on both sides of the Atlantic. German bond yields remain above 2.65%, while Spanish 10-year bond yields fall below 3.40%. US bond yields fall to around 4.50%.

The price of OilInvestors are awaiting a meeting of OPEC and its allies (OPEC+) this weekend, at which producing countries will review their production policies and at which they are expected to maintain their voluntary cuts of 2.2 million barrels a day. A barrel of Brent crude is trading below $81, while a barrel of West Texas crude, the U.S. benchmark, is trading at around $77. In that currency marketfew changes, with Euro Sep $1.08, while lb. It is exchanged for $1.27.

He gold The price fell to $2,350 an ounce, $100 below recent highs. Among cryptocurrencies, bitcoinwhich yesterday exceeded $69,000, today falls to 67,000 points.