The Ibex 35 boosts 2% in the week and consolidates at 8,800 points after the GDP of Germany

Jan. 13 () –

The Ibex 35 has closed the week with a boost of 2.07%, which has led it to stand at 8,881.7 integers, its maximum level since the end of last May, after knowing the corresponding inflation data yesterday to the month of December in the United States and to publish today the GDP of Germany.

Today, the selective has risen 0.61%, thus putting the finishing touch to the weekly advance.

The XTB analyst, Darío García, has indicated that the stock markets have closed this second week of January with a great upward momentum influenced by the good inflation data in the US, which was in line with market expectations and confirmed the moderation of the prices. prices, as well as the GDP of Germany published this Friday.

Specifically, the German Federal Statistical Office has reported economic growth of 1.9% in 2022, thus slowing down seven tenths compared to the growth of 2.6% in 2021, although remaining positive, despite the context of international uncertainty. that has provoked the war in Ukraine during the year.

In this way, the German economy managed to exceed the pre-pandemic level for the first time in 2022, since Germany’s GDP stood 0.7% above the figure for 2019, the last full year before Covid-19. 19.

This Friday, the season of results in the United States has also begun with the publication of the bank accounts. Wells Fargo has reported a 40% drop in its net profit in 2022, Citigroup, a 32% decline, Bank of America, 15%, and JP Morgan, 22%.

Within the Ibex 35, García points out that the positive sentiment that has dominated the week has allowed the sectors most sensitive to the cycle and the expectations of prices and consumption to have closed with the highest growth. Meliá and IAG have registered double-digit weekly increases, along with Solaria. On the negative side, Cellnex stands out, which has been the most bearish after its CEO, Tobias Martínez, resigned from his position this week.

This Friday, the biggest increases were registered by Unicaja Banco (+2.99%), IAG (+2.88%), Grifols (+2.68%), Aena (+1.97%), Amadeus (+1 96%), Meliá (+1.87%), ArcelorMittal (+1.80%), Santander (+1.74%) and Acerinox (+1.43%).

On the other hand, the biggest falls were recorded by Endesa (-0.805), Sacyr (-0.67%), whose shares were trading ‘ex-dividend’ today, Iberdola (-0.64%), ACS (-0.63 %) and Colonial (-0.53%).

The rest of the European stock markets have also closed positively, with an increase of 0.69% in Paris, 0.64% in London and 0.19% in Frankfurt and Milan.

Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 84.58 dollars, with a rise of 0.65%, while Texas stood at 79.18 dollars, with an increase of 1.03%.

Finally, the price of the euro against the dollar stood at 1.0808 ‘greenbacks’, while the Spanish risk premium stood at 98 basis points, with the interest required on the ten-year bond at 3.156%.

Next week will begin with a holiday in the United States for Martin Luther King Day, to continue the rest of the days pending the ‘macro’, with the GDP of China and the CPI of the eurozone, Germany, Italy and the United Kingdom, among others. However, Garcia points to the Bank of Japan rate decision, US retail sales and Fed members’ speeches as “key” to stock market performance.