The Ibex rises 1.9% in the week and recovers part of what was lost after the meetings of the central banks

Dec. 23 () –

The Ibex 35 has closed the week with a rise of 1.93%, which has led it to settle at 8,269.1 integers, so that it recovers part of what was lost last week due to the Federal Reserve meetings ( Fed) of the United States and the European Central Bank (ECB).

XTB analyst Manuel Pinto indicates that the main stock indices have traded this week with a mixed sign. While Europe has appreciated, in the United States the improvement in consumer confidence, much higher than expected GDP growth and a very solid labor market have reinforced the idea of ​​a further tightening of monetary policy by the Fed for next year.

In the Ibex 35, Pinto highlights the rises of the companies most linked to raw materials, driven especially by the reversal of the Asian giant’s ‘zero Covid’ policies, particularly highlighting the evolution of Acerinox, ArcelorMittal and Repsol. Banking is another of the great beneficiaries in recent days, becoming infected with the tightening of the Bank of Japan’s monetary policy and the rise in bond yields.

Precisely, this rise in bonds, added to the falls in the price of gas in view of the expectation of a warmer climate than expected in the coming months, has punished energy companies.

In today’s session, the Ibex 35 closed with a slight drop of 0.04%, with Acciona Energía as the ‘red lantern’, falling 1.58%. Behind were Solaria (-1.34%), Amadeus (-1.09%), Inditex (-0.72%), Endesa (-0.59%) and Banco Santander (-0.52%). .

In ‘green’ were placed Fluidra (+1.78%), ArcelorMittal (+1.64%), Grifols (+1.21%), Ferrovial (+1.07%), Sabadell (+1.02% ) and Acerinox (+0.93%).

In today’s session, the INE lowered Spain’s GDP growth in the third quarter to 0.1% and raised the year-on-year rate to 4.4%.

At the same time, the Council of the National Securities Market Commission (CNMV) has announced this Thursday its decision to close the proceedings initiated on the Indra meeting held last June after appreciating that there are not “sufficient indications” of a concerted action to take control of the company. The company has closed with an advance of 0.66%.

The rest of the European stock markets ended the session with increases of 0.05% in London, 0.19% in Frankfurt and 0.27% in Milan, except for Paris, which ended with a decrease of 0.20%.

The barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 83.33 dollars, with a rise of 2.93%, while Texas reached 79.51 dollars, with a rise of 2 .61%

Finally, the price of the euro against the dollar stood at 1.0625 ‘greenbacks’, while the Spanish risk premium stood at 107 basis points, with the interest required on the ten-year bond at 3.446%.

For next week, despite the different holidays, the market will be awaiting the words of the president of the Bank of Japan, Haruhiko Kuroda. In the middle of the week, the evolution of pending home sales in the US will be known. While at the end of the week the data of the CPI advance in Spain and the PMI of China will be published.