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Saturday, February 4, 2023

The Ibex 35 is up 0.4%, recovering 8,100 integers mid-session



The Ibex 35 traded mid-session up 0.46% to hit 8,133.9 whole numbers on a day marked by the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group dubbed OPEC+ is known.

Among today’s references, the release of the Composite Purchasing Managers’ Index (PMI) for the eurozone stands out, where private sector activity fell in July for the first time in 17 months as high inflation impacted demand. In fact, the index fell to 49.9 points from 52 in the previous month. In contrast, Russia’s PMI shows that private activity growth accelerated its expansion in July.

In Spain, the services PMI was released, showing a solid expansion rate of 53.8 points in July versus 54 points in the previous month, despite inflation and worsening economic expectations.

However, the composite PMI for the Spanish economy slipped to 52.7 points, compared to 53.6 whole numbers in June, indicating the weakest level of expansion in private sector activity in the country over the past six months.

Regarding the arrival in Taiwan of Speaker of the United States House of Representatives Nancy Pelosi yesterday, tensions seem to have eased, allowing the Japanese Nikkei to post gains (+0.53%) and the Hong’s Hang Seng Kong Stock Exchange (+0.40%), although the Shanghai CSI 300 fell 0.97%.

The largest increases were recorded by Fluidra (+3.81%), BBVA (+2.51%), Aena (+2.15%), Santander (+1.97%), IAG (+1.94%), Grifols (+1.91%), Colonial (+1.33%), Amadeus (+1.29%), PharmaMar (+1.09%). On the other hand there was Acciona (-2.89%), Rovi (-2.02%), Enagás (-1.72%), CaixaBank (-1.23%), Telefónica (-1.19%) and Banco Sabadell (-0.93%).

The rest of European equity markets also traded with modest gains mid-session, 0.23% in Frankfurt, 0.20% in Paris, 0.07% in Milan and 0.06% in London.

Until the OPEC+ decision on oil production, the price of a barrel of Brent crude, a reference for Europe, stood at $99, down 0.94%, while Texas was set at $93 after falling 0 .87%.

Finally, the euro was trading at 1.0197 “greenbacks” against the dollar, while the risk premium was 112 basis points and the yield on the 10-year Spanish bond was 1.993%.


Source europapress.es

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