economy and politics

The Ibex moderates its advance in the half session and loses 8,900 points

The Ibex moderates its advance in the half session and loses 8,900 points

March 27 () –

The Ibex 35 moderated towards the middle of the session the rebound that had been observed at the opening, so that after 12:00 noon it was trading at 8,885.3 points, which represents a rise of 1.06% compared to Friday’s close.

The session registered less volatility after last week the fear of investors was transferred from Credit Suisse to Deutsche Bank and the rest of the European banks.

After learning about the resignation “for personal reasons” of the president of the Saudi National Bank, Credit Suisse’s main shareholder until the purchase of the Swiss entity by UBS, the attention of investors will be focused the rest of the week on the interventions of Christine Lagarde and in the inflation data for the euro zone on Friday.

The selective of the Spanish stock markets and markets was trading practically positive towards mid-session, with the sole exception of Banco Sabadell (-0.35%), Bankinter (-0.32%) and Unicaja Banco (-0.05%) .

On the other hand, Grifols stood out, leading the index with an increase of 4.46%, ahead of Rovi (+2.98%), Banco Santander (+1.86%), IAG (+1.76%), Fluidra (+1.58%), Endesa (+1.42%) and Meliá (+1.39%).

Compared to the rest of the European markets, the German DAX rose 1.29%, while the French CAC 40 rose 1.10% and the Italian FTSE MIB rose 1.46%. Thus, the Euro Stoxx 50 rose 1.01% and the British FTSE 100 rose 0.77%.

On the other hand, a barrel of Brent has reached 75.54 dollars, 0.73% more, while the West Texas Intermediate (WTI) has stood at 69.74 dollars, 0.72% more.

The yield of the 10-year Spanish bond in the secondary debt markets has rebounded this Monday to 3.258%, compared to 3.188% on Friday. In this way, the risk premium stood at 103.5 basis points, which represents a decrease of 2.4 integers.

In the currency markets, the euro remained stable against the dollar, reaching an exchange rate of 1.0765 dollars for each euro.

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