The Ibex 35 was revalued 0.70% mid-session and traded over 8,400 whole numbers in a day that was led by Spain CPI data, UK GDP and Eurozone industrial production among key macroeconomics benchmarks.

Notably, the consumer price index (CPI) fell by 0.3% in Spain in July compared to the previous month, although its annual rate shot up to 10.8 percentage points, the highest level since September 1984 and six-tenths above that recorded in June , according to the final data published this Friday by the National Institute of Statistics (INE).

On the other hand, the UK economy contracted by 0.1% between April and June after growing by 0.8% in the first three months of 2022, according to the first estimate of data released by the National Office of Statistics (EIN) . Compared to the second quarter of the previous year, GDP grew by 2.9%.

Another notable reference this Friday is the industrial production data for the euro zone, which grew by 0.7% last June, compared to the previous month’s expansion of 2.4%, while comparing it across the European Union (EU). up 0.6% through May, when it grew 1.9%, according to data released by Eurostat. Based on June 2021, industrial production in the euro zone grew by 2.4% and in the whole 27 by 3.2% compared to the previous year.

In this context, the Ibex 35 stood at 8,439.0 integers, with Naturgy showing a bullish reading thanks to its 2.09% mid-session rally. It was followed by Repsol (+2.08%), CaixaBank (+1.69%), Sabadell (+1.68%), Santander (+1.33%), BBVA (+1.25%) and Bankinter (+ 1.23%).

On the other hand, only Solaria (-1.15%), ArcelorMittal (-0.97%), Fluidra (-0.64%), Ferrovial (-0.45%), IAG (-0.18%) fell , Enagás (-0.15%) and Siemens Gamesa (-0.14%).

The rest of Europe’s stock markets traded for gains of 0.67% in London, 0.62% in Paris, 0.77% in Frankfurt and 0.65% in Milan.

Likewise, the price of a barrel of Brent quality oil, a benchmark for the old continent, was above $100 again, up 0.54%, while Texas stood at $94.5 after rising 0.25%.

Finally, the euro was trading at 1.0296 “greenbacks” against the dollar, while the risk premium was 108 basis points and the yield on the 10-year Spanish bond was 2.085%.

Source europapress.es

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