The Ibex 35 moderates the falls to 0.25% after the CPI of the eurozone and with Wall Street at half throttle

MADRID 29 Nov. () –

At midday this Friday, the Ibex 35 moderated its opening losses to 0.25%, reaching 11,580.2 points, on a day in which Wall Street will return to activity – although it will only open half a session after the celebration. Thanksgiving – and in which macroeconomic references will be known in the form of inflation.

According to market data consulted by Europa Press, the national reference index is provisionally preparing to close the month of November, marked by the resounding electoral victory of Donald Trump in the United States, with a decline of 0.75% , while this week it falls 0.6%.

All in all, so far this year, the main indicator of the Spanish market has accumulated a revaluation of almost 15%.

Going into the details of the day, this Friday it was learned that the inflation rate of the euro zone has risen in November to 2.3% year-on-year, three tenths above the reading of the previous month, which represents the second increase consecutive and the largest year-on-year increase in prices in the region since last July, according to the preliminary reading of the data published by Eurostat.

Linked to this, the expectations of eurozone citizens about the evolution of the inflation rate over the next year rose slightly in October, although they remain at minimum levels since September 2021, according to the European Central Bank (ECB). in its latest survey among euro zone consumers.

As for the eurozone countries, today it was published that the Consumer Price Index (CPI) of France accelerated in the month of November to 1.3% year-on-year, one tenth above the rise observed in October, while Germany’s unemployment rate in November remained stable at 6.1%.

At the national ‘macro’ level, it is worth noting that retail trade registered an increase in sales of 5.4% in October compared to the same month in 2023, a rate 3.6 points higher than that of the previous month and the highest since April 2022, as reported by the National Institute of Statistics (INE).

In the business field in Spain, Repsol has reached an agreement to sell its gas and oil assets in Colombia to GeoPark for a total of 530 million dollars (500.7 million euros).

At the same time, Naturgy has agreed with the European Investment Bank (EIB) a loan of 1,000 million euros to support investments in new solar photovoltaic and terrestrial wind energy plants, as well as in the repowering and hybridization of other existing ones in Spain. both entities reported.

In addition, Hines and Grupo Lar have set December 16 as the deadline for the shareholders of the Lar España Socimi to accept the voluntary Public Acquisition Offer (OPA) of shares, which was authorized yesterday by the National Securities Market Commission ( CNMV) and that values ​​100% of the company at 695 million euros.

Given this situation, in the middle section of trading this Friday, the biggest increases within the Ibex 35 were recorded by Grifols (+1.8% after falling almost 20% in the two previous sessions), Naturgy (+1, 4%), CaixaBank (+1.06%), Puig (+1.04%) and Bankinter (+0.94%).

On the contrary, at the other extreme the ‘red lanterns’ were Mapfre (-1.45%, after paying 200 million in dividends today), Telefónica (-1.28%), Fluidra (-1.27%, affected by the ‘ex-dividend’ effect) and Solaria (-1.1%).

The European stock markets also showed slight losses at midday: Paris was down 0.06%; London 0.1%; Milan 0.25% and Frankfurt was trading flat.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.57%, to 72.86 dollars, while Texas stood at 68.46 dollars, 0.57%. 38% less.

In the currency market, the price of the euro against the dollar advanced smoothly to 1.0558 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond fell to 2.817% after subtracting two basis points, with the risk premium with respect to the German bond at 71.7 points.

For its part, the troy ounce of gold rose almost 1%, to $2,665, while bitcoin appreciated 2% and was trading at $97,000.