MADRID, June 28 (EUROPA PRESS) –
The Ibex 35 surpassed 8,300 points in Tuesday’s session after registering a gain of 0.91% in a context continued to be dominated by inflation, central bank decisions, fears of a slowdown in the economy and characterized by the war between Russia and Ukraine.
In particular, the Spanish selection ended at 8,317.5 points per day, marked by the rise in crude oil, the lack of relevant macro data and the start of the official agenda of the NATO summit in Madrid on June 29th and 30th.
The President of the European Central Bank (ECB), Christine Lagarde, assured this Tuesday that the institution is ready to go “as far as necessary” to ensure that inflation stabilizes at the 2% target over the medium term and has defended this with a specific tool to combat fragmentation that will allow the company to raise interest rates “as much as necessary”.
On the other hand, it has become known that the war in Ukraine and high inflation have severely affected German consumer confidence, which suggests that the indicator compiled by GfK has fallen again to a minimum of -27. 4 points, compared to -26.2 in the previous month, its worst reading since the historical series began in 1991.
The rating agency S&P Global published this Tuesday an update of its macroeconomic outlook for the euro area, in which it applies a general reduction in growth forecasts, with Spain being the country among the major economies of the euro that has been cut the most, as its outlook has suffered.
The company now forecasts Spain to grow 4.1% in 2022, compared to the 4.7% it had expected in May, when it already cut its forecasts for the country by 1.4 points. By 2023, growth will be 2.7%, up from 3.3% previously. The forecast for 2024 is 2.5%, a further three-tenths reduction.
In this scenario, the biggest gains in the Ibex 35 were Endesa (+3.24%), Naturgy (+3.02%), Repsol (+2.97%), Red Eléctrica (+2.72%), Iberdrola ( +2.55%) presented. and Indra (+2.54%).
In contrast, Fluidra (-3.77%), Cellnex (-2.7%), Rovi (-2.3%), PharmaMar (-1.63%), Acerinox (-0.88%), Aena ( -0.73%), Siemens Gamesa (-0.42%), Sabadell (-0.15%) and BBVA (-0.11%).
The rest of the European stock markets also posted gains of 0.9% in London, 0.64% in Paris, 0.35% in Frankfurt and 0.79% in Milan this Tuesday.
On the other hand, the price of a barrel of Brent oil, a reference for the old continent, stood at $117.96, up 1.62%, while Texas stood at $110.81 after it was up 1.13%. .
Finally, the euro traded at 1.0532 “greenbacks” against the dollar, while the Spanish risk premium was 110 basis points, with the interest required on the 10-year bond at 2.711%.