Europe

The Ibex 35 conquers 8,300 points in the half session with an advance of 1.23%

The Ibex 35 conquers 8,300 points in the half session with an advance of 1.23%

June 28. () –

The Ibex 35 has conquered the barrier of 8,300 points in the session on Tuesday, after registering a rise of 0.91%, in a context that continues to be marked by inflation, the decisions of the central banks, the fear of a slowdown economy and the war between Russia and Ukraine.

Specifically, the Spanish selective has ended at 8,317.5 points a day that has been marked by the rise in crude oil, the absence of relevant macro data and the start of the official agenda of the NATO summit in Madrid on 29 and June 30th.

The president of the European Central Bank (ECB), Christine Lagarde, assured this Tuesday that the institution is willing to go “as far as necessary” to guarantee that inflation stabilizes in the medium term at the 2% objective and has defended that having a specific tool to combat fragmentation will allow the entity to increase interest rates “as much as necessary”.

On the other hand, it has become known that the confidence of German consumers is being greatly affected by the war in Ukraine and the high levels of inflation, which points to a new drop in the indicator prepared by GfK to a minimum of -27, 4 points, compared to -26.2 the previous month, its worst reading since the beginning of the historical series in 1991.

The credit rating agency S&P Global has published this Tuesday an update of its macroeconomic outlook for the eurozone, in which it has applied a generalized reduction in growth forecasts, with Spain being the country among the large economies of the euro that has cut the most in its prospects has suffered.

The firm now forecasts that Spain will grow 4.1% in 2022, compared to the 4.7% it expected in May, when it already cut its forecasts for the country by 1.4 points. By 2023, growth will be 2.7%, compared to 3.3% previously. The forecast for 2024 has been set at 2.5%, which represents an additional cut of three tenths.

In this scenario, the biggest rises in the Ibex 35 have been presented by Endesa (+3.24%), Naturgy (+3.02%), Repsol (+2.97%), Red Eléctrica (+2.72%), Iberdrola (+2.55%) and Indra (+2.54%).


On the contrary, Fluidra (-3.77%), Cellnex (-2.7%), Rovi (-2.3%), PharmaMar (-1.63%), Acerinox (-0 .88%), Aena (-0.73%), Siemens Gamesa (-0.42%), Sabadell (-0.15%) and BBVA (-0.11%).

The rest of the European stock markets have also registered increases on the day of this Tuesday, of 0.9% in London, 0.64% in Paris, 0.35% in Frankfurt and 0.79% in Milan.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 117.96 dollars, with an increase of 1.62%, while Texas stood at 110, 81 dollars, after advancing 1.13%.

Finally, the price of the euro against the dollar stood at 1.0532 ‘greenbacks’, while the Spanish risk premium stood at 110 basis points, with the interest required on the ten-year bond at 2.711%.

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