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The Ibex 35 closes in the green for the fourth straight week, scoring 8,400 points

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MADRID, August 12 (EUROPA PRESS) –

The Spanish stock market’s main indicator, the Ibex 35, has returned to close in the green, having been up for four consecutive weeks, at 8,400 points, up 3.7% from last Friday.

Specifically, the national selection scored 20.4 points, equivalent to 0.24%, and was 8,400 points. The rest of the European markets closed the day in the green: Frankfurt was up 0.74%; Milan, 0.49%; London 0.47% and Paris 0.14%.

At the close in Europe, the US stock market also recorded price gains: the Nasdaq rose by 1.22%; the S&P 500 0.7% and the Dow Jones 0.56%.

This week, July inflation was released in the United States, which came in at 8.5%, while Spain’s was 10.8%.

“Many investors are optimistic again, considering that inflation has already peaked and this could prompt the Federal Reserve (Fed) to adopt a more dovish stance. Despite this, inflation is four times the Fed’s target to fall further in the 2% to 3% range,” XTB analyst Joaquín Robles told Europa Press.

Therefore, investors would wait next week for macroeconomic releases and central bank governors’ statements on the size of the next rate hikes.

Some of the most notable data include the ZEW survey of investor confidence in Germany, where a rebound is expected from last June’s lows, as well as the final data on euro-zone inflation and building permits and second-hand home sales in the United States, showing a vision of a property market, which is showing signs of weakening.


Going back to the Ibex 35, Naturgy was the most bullish at 1.98%, followed by Banco Sabadell and Meliá at 1.56% and 1.34% respectively; while Solaria left 2.65% and ArcelorMittal 1.51%.

In the continuous market, Tubacex’s 6.67% gain stood out, followed by Amrest and Aedas Homes, up 5.69% and 5.28%, respectively. On the contrary, Nyesa fell 4.76%.

The price of a barrel of quality Brent oil, a reference for the Old Continent, was $98 at the close, down 1.62%, while Texas was $92.45 after losing 2%.

Finally, the euro was trading at 1.0251 “greenbacks” against the dollar, while the risk premium was 109 basis points and the yield on the 10-year Spanish bond was 2.092%.

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Source europapress.es

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