economy and politics

The Ibex 35 advances 0.3% and recovers the whole 9,300 at the close of the session

13 Apr. (EUROPE PRESS) –

The Ibex 35 has advanced 0.34% at the close of the session, which has led it to recover the 9,300 integers that it had lost on Monday.

One of today’s references has been China’s trade balance in the month of March, when exports from the Asian country totaled 315,590 million dollars (288,044 million euros), which represents a year-on-year increase of 14.8 %, after the contraction of 6.8% in the combined figure for January and February, in what represents the first increase in sales of the Asian giant abroad since last September.

It has also been revealed that the United Kingdom’s gross domestic product (GDP) exceeded the level of activity prior to the pandemic in February, despite the slowdown it experienced in that month.

Investors also digested during today’s session the publication, late last Wednesday, of the latest meeting of the United States Federal Reserve (Fed). From these it can be deduced that several members of the US central bank considered pausing rate hikes in March due to the turmoil in the banking sector, in addition to the fact that the central bank expects a “mild recession” at the end of the year, with a recovery in the two years next.

In Spain, investors have been attentive to the latest Treasury auction, which this Thursday raised 6,966 million euros in a new auction of bonds and obligations. Likewise, it has also awarded 1,441.2 million in the ‘green bond’ that it launched in 2021.

It should be noted that the Ferrovial shareholders’ meeting was held today, where the company’s investors have supported the company’s plan to move its headquarters to the Netherlands. The company chaired by Rafael del Pino has closed today with a rebound of 0.92% on the Stock Market.

In this context, the Ibex 35 has closed at 9,310.00 integers, with Rovi as a bullish value, registering a rise of 3.71%, followed by Acerinox (+2.42%), Logista (+1.93% ), Inditex (+1.84%), Meliá (+1.82%), Cellnex (+1.46%) and Indra (+1.35%). On the opposite side were CaixaBank (-1.29%), Iberdrola (-0.85%), Endesa (-0.78%), Acciona (-0.50%) and Enagás (-0.49 %).

Compared to the rest of the European stock markets, Paris has appreciated by 1.13%, while London has advanced by 0.24% and Frankfurt, by 0.16%. Only Milan has closed practically flat, with a slight fall of 0.01%.

The barrel of Brent experienced a decrease of 0.80% at the end of the day on the Spanish stock market, standing at 86.64 dollars, while the West Texas Intermediate (WTI) reached 82.68 dollars, a 0.70 % less.

The yield of the Spanish bond with a maturity of 10 years in the secondary debt markets rose to 3.405%, from 3.410% at which it closed on Wednesday. Thus, the risk premium reached 104.2 basis points, one point more than the previous day.

This Thursday, the euro has exceeded the level of 1.10 dollars for each euro, a level that has not been reached for a year. Specifically, it has appreciated by 0.55%, up to 1.1053 dollars for each euro.

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