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Saturday, January 28, 2023

The Ibex 35 starts the week down 0.1% but maintains the 8,000 integers



The Ibex 35 started Monday’s session in the red, down 0.12% around 9:01 am, although it held the 8,000 integers until the United States Federal Reserve (Fed) meeting.

Investors expect the central bank to make a 75 basis point hike, although the possibility of a 100 point hike isn’t ruled out, according to XTB analyst Joaquín Robles.

Investors will also be waiting for the release of macroeconomic data such as the GDP of the United States, Germany or Spain this week. July CPI data for the Eurozone and Spain will also be released.

The presentation of the business results will continue with the accounts of Microsoft, Alphabet, Meta Platforms (Facebook), Apple and Amazon. On a national level, the big Capricorn companies like Santander, BBVA, Repsol, Iberdrola or Meliá will also announce their balance sheet for the first half of the year.

It should be noted that this Monday Telefónica announced the sale of 45% of its fiber optics business in rural Spain to a consortium made up of Vauban Infrastructure Partners, an investment fund owned by Natixis and Predica, part of Crédit Agricole’s insurance business. for 1,021 million euros.

Telefónica, with the consortium of French companies, will create the company Bluevia, which will receive from the group 3.5 million real estate units, transmitted via fiber optic cables, with a value of 2,500 million euros.

In the telephone operator market, the merger agreement between Orange and MásMóvil in Spain was announced this weekend, which will mean the creation of the second mobile operator in the domestic market.

The value of the “joint venture”, which is 50% controlled by both companies, has been valued at €18,600 million, a reduction in valuation of almost €1,000 million from what was formed in March this year earlier in the year Exclusive negotiations have been announced.

In this regard, the Ibex 35 opened this Monday’s session at 8,041.7 integers, with Bankinter (+1.47%), Ferrovial (+0.95%), Mapfre (+0.46%), CaixaBank (+0 .39%), Sacyr (+0.35%). and Enagás (+0.32%) as the most notable increases.

On the other hand, Naturgy (-1.98%), ArcerlorMittal (-1.26%), Inditex (-1.06%), Repsol (-0.87%), Acciona Energía (-0.76%), Pharma Mar (-0.69%), Grifols (-0.55%) and Banco Sabadell (-0.38%).

The rest of the European equity markets also opened with declines, 0.27% in London, 0.19% in Paris, 0.38% in Frankfurt and 0.34% in Milan.

On the other hand, the price of a barrel of Brent oil, a reference for the old continent, stood at $102.29, down 0.88%, while Texas stood at $93.59 after it was up 1.17%. .

Finally, the euro was trading at 1.0192 “greenbacks” against the dollar, while the Spanish risk premium was at 122 basis points, with the interest required on the 10-year bond amounting to 2.261%.


Source europapress.es

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