economy and politics

The Ibex accelerates 0.89% in the half session and is already looking at 9,300 points

May 12. (EUROPE PRESS) –

The Ibex 35 accelerated its rise towards 12:00, situating its revaluation at 0.89%, compared to the rise of 0.5% that it had observed in the first minutes of the session, for which the index reached 9,264.8 points.

Investors are still paying attention to business results, with Técnicas Reunidas reporting a profit of 20 million up to March, 17 times more than in the first quarter of 2022, or with Elecnor earning 27.4 million in the same period, 7 .7% more.

Likewise, macroeconomic references have also played a leading role in the first hours of trading. The INE has reported that the CPI rose eight tenths in April, up to 4.1%, while it has been confirmed that inflation in France in the fourth month of the year was 5.9%, two tenths more.

In this context, Ferrovial led the increases in the selective of the Spanish stock markets and markets, with an increase of 2.44%. They were followed by Acerinox (+2.13%), Telefónica (+1.64%), ArcelorMittal (+1.54%), Endesa (+1.53%) and CaixaBank (+1.38%).

On the opposite side, Meliá was at the head of the values ​​with the worst performance (-4.32%), ahead of Acciona Energías Renovables (-3.39%), Acciona (-2.29%), Solaria ( -1.87%) and Colonial (-1.60%).

In the rest of Europe, the German DAX index appreciated 0.51% towards the mid-session; the French CAC 40, 0.82%; the Italian FTSE MIB, 1.04%; the British FTSE 100, 0.44%; and the Euro Stoxx 50, 0.54%.

In the raw materials market, a barrel of Brent reached 75.06 dollars, 0.11% more, while West Texas Intermediate rose 0.23%, up to 71.03 dollars.

For its part, the yield of the Spanish bond with a maturity of 10 years in the secondary debt markets rebounded to 3.321%, from the 3.306% observed at the close of Thursday. Thus, the risk premium fell by 1.2 points, to 106.9 basis points.

In the foreign exchange market, the euro has remained stable against the dollar, so the exchange rate has been around 1.0911 dollars for each euro.

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