The Ibex 35 chains eleven days in positive and closes above 8,500 integers

Aug. 16 () –

The Ibex 35 has closed with an advance of 1.01% this Tuesday, which represents its eleventh consecutive day in positive and has led it to close above 8,500 integers, a level that it had not reached since last June 9.

This Tuesday’s session was marked by the publication of the German investor confidence index (ZEW), which showed a new deterioration, standing at -55.3 points in August, compared to -53.8 in the month of July, given the prospect of a slowdown in the German economy.

For its part, bitcoin has deflated this Tuesday after exceeding the level of 25,000 dollars (24,676 euros) earlier in the week, reached after the launch of a BlackRock investment product with exposure to cryptocurrency.

In Spain, the Public Treasury has placed 1,702.88 million euros in a new auction of bills, below the expected average range, and has done so by remunerating the bills at three months and raising the profitability offered in those of nine months, according to The Bank of Spain has reported.

In recent auctions, the Treasury has had to pay investors more for debt securities, coinciding with the rate hikes by the Fed and the decision of the Governing Council of the European Central Bank (ECB) to raise interest rates in 50 basis points.

In the business sphere, IAG’s announcement of the conversion of a loan to Globalia of 100 million euros into a 20% stake in Air Europa stands out.

In this context, the Ibex 35 ended Tuesday’s session at 8,511.90 integers, with ArcelorMittal as the bullish value, registering an advance of 3.23%. It was followed by Acerinox (+2.76%), Telefónica (+2.72%), IAG (+2.31%), Repsol (+2.15%), Sacyr (+1.81%), CaixaBank (+ 1.69%), Acciona (+1.67%), Endesa (+1.60%), Sabadell (+1.58%), Indra (+1.53%) and ACS (+1.53%) .

On the other hand, only Fluidra (-1.49%), Amadeus (-1.19%), Solaria (-0.91%), Meliá (-0.54%), Colonial ( -0.38%), Merlin (-0.30%) and Rovi (-0.10%).

The Ibex 35 was the index that appreciated the most this Tuesday, compared to the rise of 0.36% in the Ftse 100 in London, 0.34% in the French Cac, 0.68% in the German Dax and the 0.12% of the Italian Ftse Mib.

The barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 92.5 dollars, with a drop of 2.7%, while the Texas priced at 86.7 dollars, after falling 2, 9%.

In the currency market, the euro remained around 1.0178 ‘greenbacks’, while in the debt market the risk premium was around 111 basis points, with the return on the 10-year Spanish bond at 2,089%.