May 29. () –
The Ibex 35 closed this Wednesday’s session with a fall of 1.16%, which has translated into a decrease of more than 130 points, reaching the level of 11,145.1 integers.
According to the advance of German inflation data for the month of May, during this month prices in the country will grow by 2.4% year-on-year, two tenths more than in April.
On the other hand, this Wednesday it was also known that workers in Germany benefited in the first quarter of 2024 from a nominal increase in salaries of 6.4% compared to the same period in 2024, which when discounting the effect of the inflation of 2.5% corresponded to a real improvement of 3.8%, the largest in the entire historical series.
This Wednesday’s falls in the stock market occur after European investors have digested statements on Tuesday by the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, who warned that several months of favorable data were needed before considering a reduction in interest rates.
In this way, the market’s attention is now focused on this afternoon, when the Beige Book of the Federal Reserve (Fed) will be published in the United States, which will serve to prepare the central bank meeting scheduled for June.
In this context, only three values have closed the session positively: Indra (+1.87%), Amadeus (+0.57%) and Unicaja (+0.23%).
On the contrary, the biggest falls in the selective this Wednesday have been those of Acciona Energía (-4.30%), Solaria (-4%), Grifols (-3.62%), Acciona (-3.20%) , ArcelorMittal (-3.05%), and IAG (-2.62%).
The negative evolution has been common for the main European stock markets. London has fallen 0.85%; Paris, 1.52%; Frankfurt, 1.10% and Milan, 1.47%.
In the raw materials market, a barrel of Brent fell 0.84%, to $83.51, while West Texas Intermediate (WTI) stood at $79.22, 0.76% less.
In the debt market, the yield on the Spanish bond with a 10-year maturity has advanced this Wednesday to 3.441%, from 3.349% on Tuesday. In this way, the risk premium against German debt has stood at 75.1 basis points, six tenths less.
In the foreign exchange market, the euro depreciated 0.44% against the dollar at the close of the European stock market session, until it was exchanged at 1.0809 dollars for each euro.
Add Comment