The return to trading on Wall Street and the 2% drop in Inditex have conditioned the Spanish indicator downwards
May 28. () –
The Ibex 35 closed this Tuesday with a fall of 0.44%, reaching 11,276 points – thus linking two weeks of debate around the level of 11,300 points – in a day with few references in Europe and waiting to know the advance inflation data for May on the continent.
The main indicator of the Spanish market has been trading flat during most of the trading, although it has ended up being decided by losses after the bearish opening of Wall Street on its return to trading, since it was closed yesterday for a holiday.
This Tuesday it was learned that the expectations of eurozone citizens about the evolution of the inflation rate over the next year have decreased to their lowest level since September 2021, as confirmed by the European Central Bank (ECB) in its latest survey among euro zone consumers, which reinforces the entity’s confidence to undertake a reduction in interest rates at its meeting next week.
Beyond this reference, markets are awaiting inflation data for May in the eurozone, which will be released on Friday, and the United States personal consumption price index, which will offer a more up-to-date view of prices, relevant for its impact on the monetary policies of central banks.
The ‘macro’ agenda of the United States has been more lively on the day: consumer confidence (prepared by the Conference Board) in May has improved in May after three months of declines; The Dallas Fed business index has worsened in the same month and the housing price index for March has been practically stable compared to the previous month.
At the business level, the president of Banco Sabadell, Josep Oliu, has reminded shareholders of the intention to reward them for their actions during this year and the next with 2,400 million in a letter that he sent them with the aim of informing them of the public acquisition offer (OPA) announced by BBVA.
In this context, within the Spanish selective, Caixabank has led the small group of nine securities that have concluded trading with profits by rising 1.41%, followed by Colonial (+0.73%), Bankinter (+0.68 %), Repsol (+0.66%), Banco Sabadell (+0.6%) and Telefónica (+0.57%).
At the opposite extreme, the most notable falls have been Acciona Energía (-2.9%), Solaria (-2.54%), Inditex (-2.12%) and Indra (-1.83%).
In the rest of Europe, the declines have been the common denominator: Milan has subtracted 0.29%; Frankfurt 0.52%; London 0.7% and Paris 0.92%.
The price of a barrel of Brent quality oil, a reference for the Old Continent, rose 1.2% at closing time in Europe, to 84.1 dollars, while Texas stood at 79.75 dollars. 2.6% more.
In the currency market, the price of the euro against the dollar rose 0.17% at the same time, to 1.0878 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond It closed at 3.343% after adding five basis points, with the risk premium (the differential with the German bond) at 75.2 points.
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