28 Apr. (EUROPE PRESS) –
The Ibex 35 has closed the month of April practically flat, with a slight advance of 0.09%, standing at 9,241.00, similar to the level at which March ended, despite the falls it has registered in recent days , motivated by financial tensions in the United States.
Compared to December, the Madrid selective still registers a revaluation of 12.29%, while only in this Friday’s session it has fallen by 0.79%, weighed down by Unicaja Banco, which has lost 9.94% after presenting your accounts for the first quarter.
The XTB analyst, Joaquín Robles, has explained that the impact of the current period of high inflation and rate hikes is beginning to negatively affect the economy. “Proof of this has been the drop in GDP data in the United States and Germany, which failed to meet expectations and are heading towards a new recession,” he says.
The analyst highlights the results of First Republic Bank, which have reawakened investor concerns about the banking sector in the United States at the end of April. “Only in the last quarter it received redemption requests for 100,000 million, which has left it in a compromised situation despite the recent bailout,” says the analyst.
This has dragged down the Spanish banks, which have led the declines this week, despite presenting “good results”. The tax has cut the sector’s profits, although they continue to be boosted by the interest margin and commission income.
In this Friday’s session, in addition to Unicaja, the biggest falls in the Ibex 35 were recorded by Banco Sabadell (-7.14%), CaixaBank (-5.50%), Bankinter (-3.91%), BBVA ( -3.48%) and Mapfre (-3.25%). This last company reported today a profit of 128 million euros, 17% less due to the earthquake in Turkey and the difficulties being experienced in the car market.
For its part, Unicaja Banco has reported profits of 34 million euros, 43.2% less, after paying 63.8 million euros for the temporary tax on banks.
In Spain, it has also been known that the economy grew by 0.5% in the first quarter of the year, one tenth more than in the previous quarter. In year-on-year terms, GDP stepped on the accelerator even more and raised its growth by nine tenths, from 2.9% to 3.8%. The CPI, for its part, rose 0.6% in April and raised its interannual rate to 4.1%.
Faced with the fall of the Madrid selective, the rest of the European markets have closed positively, with an advance of 0.77% in Frankfurt, 0.50% in London and 0.10% in Paris. Only Milan has closed with a decrease of 0.30%.
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 79.49 dollars, with a rise of 1.43%, while Texas stood at 76.38 dollars. , with a rise of 2.11%.
Finally, the price of the euro against the dollar stood at 1.1038 ‘greenbacks’, while the Spanish risk premium stood at 105 basis points, with the interest required on the ten-year bond at 3.335%.
The agenda for the first week of May will be marked by the meetings of the Federal Reserve (Fed) and the European Central Bank (ECB), where investors expect further increases in interest rates.
In addition, new data on inflation in the euro area and employment in the United States will be released, and the presentation of business results will continue.
