The Ibex 35 closes at the edge of 11,600 points, with an increase of 0.40%

MADRID 11 Nov. () –

The Ibex 35 closed the first session this Monday with an increase of 0.40%, reaching 11,597.3 points, which is why it lost strength in the final stretch of trading, after having reached an intraday maximum of 11,667 integers.

The selective has thus recovered part of the ground it lost last week after learning of Donald Trump’s victory in the US presidential elections.

In the macroeconomic field, China’s Consumer Price Index (CPI) recorded a year-on-year increase of 0.3% last October, one tenth less than the previous month and the weakest price increase in four months.

Renta 4 analysts highlight the 1.5% drop in the Chinese stock market due to the “disappointment” caused by the latest economic stimuli approved by China. The Chinese People’s Congress Committee announced 10 trillion yuan (1.4 trillion dollars or 1.3 trillion euros) to refinance local debt, “an amount lower than expected,” although the Chinese government has already stated be working on more fiscal stimuli for 2025.

“These measures, to be truly effective, should focus on recovering consumer confidence and private consumption, and seem especially necessary after Trump’s ‘Republican wave’ (which has a proposal for 60% tariffs on China), which “they question whether it can maintain outward growth,” the analysts add.

Experts also raise the possibility of early elections in Germany, after the tripartite coalition in the country has collapsed and Chancellor Olaf Scholz has shown himself willing to call a vote of confidence before Christmas.

For the week as a whole, investors’ attention will be on the October CPI and consumption data in the US, while in Europe the second reading of October inflation from Germany, Spain and France, GDP data from the eurozone stands out. and from the United Kingdom and the ZEW survey in both Germany and the eurozone, among other data.

In this context, IAG has been the main value of the day, flying over the selective with an increase of 2.59%. Below were Rovi (+2.55%), Cellnex (+2.30%), Banco Santander (+2.09%), Ferrovial (1.72%), Logista (+1.24%) and Iberdrola (+1.17%).

On the opposite side were Grifols (-1.98%), Inditex (-1.92%), ArcelorMittal (-1.41%, affected by the ‘ex-dividend’ effect), Telefónica (-1.07% ), Acerinox (-0.91%) and ACS (-0.42%).

Regarding the rest of the main European stock markets, London has advanced 0.65%; Paris, 1.20%; Frankfurt, 1.21%; and Milan, 1.56%.

In the raw materials market, a barrel of Brent fell 2.73% at the close of the European session, to 71.85 dollars, while West Texas Intermediate (WTI) reached 68.22 dollars, a 3, 07% less.

In the debt market, the yield on the Spanish bond maturing in 10 years has stood at 3.060%, from 3.106% registered at the close of Friday. In this way, the risk premium against German debt has stood at 73.4 basis points, five tenths less.

Regarding currencies, the euro registered an exchange rate of 1.0649 dollars for each unit of the community currency at the close of the European session.