The Ibex 35 opens in July above 9,600 integers, its maximum level since February 2020

July 3 () –

The Ibex 35 has started the month of July with a rise of 0.54%, which has led it to stand at 9,644.8 integers, its highest level since February 21, 2020, when it closed at 9,886.2 whole. At that time, the selective began, in fact, a rapid decline that led it to lose more than 3,000 points in less than a month before the start of the Covid-19 pandemic.

The Madrid selective has thus chained six positive days that have led it to revalue around 4%.

The attention of investors has focused this Monday on the publication of macroeconomic data, such as the PMI manufacturing indicators, which in the case of Spain show a deterioration in June for the third consecutive month. In this way, it has fallen to its lowest level so far this year, since it has fallen to 48 points from the 48.4 of the previous month.

As for the euro area, the deterioration in manufacturing activity accelerated in June, when it dropped to 43.4 points from 44.8 the previous month, which implies the worst reading of the data in 37 months.

Throughout this week, the minutes of the last monetary policy meeting will be released, which, together with the statements by central bankers on the outlook for economic rates and growth, could alter the course of the stock markets pending the start of the results season. business.

In this context, most of the Ibex 35 values ​​were in positive territory, highlighting the rises of Bankinter (+3.62%), Sabadell (+3.04%), Repsol (+2.29%), Colonial ( +1.98%), Mapfre (+1.76%) and Telefónica (+1.64%).

On the opposite side were Acciona Energía (-2.87%), Amadeus (-2.50%), Acciona (-1.99%), Enagás (-1.81%) and ACS (-1, 24%). Rovi (-2.46%) and Fluidra (-0.67%) have also registered falls, although their shares are affected by the ‘ex-dividend’ effect, since their titles discount the payments that they will make soon to their shareholders. Excluding this effect, Rovi has risen 0.88%, and Fluidra, 1.32%.

It should be noted that BME has agreed to the return to listing of Labiana Health, after being suspended for two months for not having been able to present its audited accounts within the period established by the regulations. As of today’s close, the company’s shares have fallen 12%.

On the other hand, the main European markets closed negatively, with a fall of 0.41% in Frankfurt, 0.18% in Paris, and 0.06% in London. Only Milan has risen by 0.77%.

In the raw materials market, the price of a barrel of Brent rose 0.73%, to 75.95 dollars, while the West Texas Intermediate (WTI) increased to 71.12 dollars, 0.67% further.

In the debt market, the yield of the Spanish bond with a maturity of 10 years stood at 3.431%, with the risk premium reaching 98.6 basis points, while in the currency market the euro was exchanged at 1, $0921.