June 20 () –
The Ibex 35 rose 0.94% this Thursday, reaching 11,160.5 points, supported by a large majority of stocks in ‘green’ – only three companies have closed with losses – in a day marked by the action of central banks, especially the Bank of England, which has once again kept its rates unchanged.
The Spanish selective has started the negotiation with advances that have stabilized in the morning around half a percentage point and in the afternoon, motivated by the increases in Wall Street in its return to trading after yesterday’s closing for a holiday, it has doubled that bullish force until the close, thus recovering the level of 11,100 integers that it lost a week ago.
Under the umbrella of the central banks, the Swiss National Bank (SNB) has decided to reduce the official interest rate by 0.25 percentage points, to 1.25%, which represents the second reduction in the price of money in the Swiss country since last March the institution decided to begin reversing its restrictive monetary stance.
For its part, Norway’s central bank, Norges Bank, has kept rates at 4.5% and has sent the message that cuts are not yet on the table.
As for the Bank of England (BoE), it has decided to maintain the reference interest rate for its operations at 5.25%, the highest level since 2008 and unchanged for the seventh consecutive meeting, while they will not meet again until August.
The market waits for the first cut to occur in that month, once the scenario marked by the July elections has been left behind.
Linked to monetary policy, the International Monetary Fund (IMF) has urged the European Central Bank (ECB) to “relax” its monetary policy and lower interest rates to around 2.5% at the end of the third quarter of 2025 based on disinflation prospects.
In addition, the Spanish Public Treasury has awarded this Thursday, in the last auction in June, a total of 5,471.5 million euros in medium and long-term debt and has done so at higher rates than in previous issues, according to data from the Bank of Spain.
This Thursday’s ‘macro’ agenda highlighted the improvement in consumer confidence in the eurozone in June, although the rate remains in negative territory. For its part, the German producer price index in May has fallen 2.2% in the interannual rate, more than expected, and has stagnated in the monthly rate.
In the Spanish business field, the board of directors of Applus has shown its support for the public acquisition offer (OPA) for the exclusion of shares that its already majority shareholder, the I Squared and TDR funds, intends to carry out through its company joint venture Amber, at a price of 12.78 euros per share, the same amount that allowed these funds to achieve a controlling stake in Applus of 70.65% in its initial takeover bid.
For its part, the Asturian energy company Duro Felguera has informed the National Securities Market Commission (CNMV) of the suspension of the Djelfa contract (Algeria) for reasons “not attributable” to the company, while at the same time setting the composition of its board of directors in 8 members.
Telefónica will also pay this Thursday the first tranche of the company’s dividend from freely available reserves, which will amount to 0.15 euros gross per share.
In this context, the advances of the Ibex 35 have been led by Grifols (+4.12%), ACS (+2.64%), Merlín (+2.09%), Colonial (+2.06%) and Acciona (+1.97%). Also notable were the increases in Iberdrola (+1.38%), Inditex (+1.17%), BBVA (+1.08%) and Caixabank (+0.95%).
On the other hand, only three securities have closed with losses: Acerinox (-0.3%), Banco Santander (-0.24%) and Aena (-0.05%).
In the rest of Europe, the main indices have also registered gains: London has added 0.82%; Frankfurt 1.03%; Paris 1.34% and Milan 1.37%.
At closing time in Europe, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.4%, to 85.4 dollars, while Texas stood at 81.87 dollars , 0.37% more.
In the currency market, the price of the euro fell 0.37% against the dollar, to 1.0706 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond closed at 3.294 %, with the risk premium (the differential with the German bond) at 86.4 points.
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