economy and politics

The Ibex 35 fell 0.07% at closing and stood at the edge of 8,700 integers

The Ibex 35 fell 0.07% at closing and stood at the edge of 8,700 integers

9 Jan. () –

The Ibex 35 has closed with a slight decrease of 0.07%, which has led it to stand at 8,694.9 points, in a session marked by the assault of supporters of Jair Bolsonaro on Brazilian institutions to request the deposition of the newly elected president Lula da Silva.

The Renta 4 analysts point out that this social conflict in Brazil “does not seem to be getting worse”, although it may generate volatility among the values ​​most exposed to the country.

The biggest fall in today’s session was recorded by Repsol (-2.34%), whose shares are already trading without the right to the dividend that will be distributed next Wednesday, followed by Endesa (-1.73%), Unicaja Banco (- 1.66%), CaixaBank (-1.34%), Banco Santander (-0.89%) and Bankinter (-0.71%).

On the other hand, the largest increases have been registered by Solaria (+4.36%), IAG (+3.38%), Meliá (+2.00%), Fluidra (+1.97%), ACS (+ 1.79%) and Rovi (+1.78%).

In addition, the markets are digesting the macroeconomic data that was published on Friday of last week, such as the CPI for the euro area or the employment report in the United States. For Renta 4 experts, these publications have come to confirm that the European Central Bank (ECB) “has more work to do” than the United States Federal Reserve (Fed).

It is also worth noting the reopening of China’s borders this Sunday after almost three years of isolation, taking another step towards the end of its ‘Covid Zero’ policy designed to stop the spread of the coronavirus pandemic. Specifically, since yesterday, China no longer requires a quarantine period for people arriving in the country, but it will continue to require a negative Covid-19 test carried out in the last 48 hours.

This week investors will be watching, above all, the inflation data in the United States for the month of December, which will be published on Thursday. Once again, the market will once again be guided by the CPI to anticipate the Fed’s next rate hike at its meeting on February 1.

Compared to the Ibex 35, the rest of the European stock markets have finished positive, with an advance of 1.25% in Frankfurt, 0.81% in Milan and 0.68% in France.

Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 79.63 dollars, with a rise of 1.36%, while Texas stood at 74.80 dollars, with an increase of 1.41%.

Finally, the price of the euro against the dollar stood at 1.0748 ‘greenbacks’, while the Spanish risk premium stood at 106 basis points, with the interest required on the ten-year bond at 3.255%.

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