May 27. () –
The Ibex 35 closed the first session of the week with an advance of 0.71%, thus returning to recover the level of 11,300 integers that it lost last Friday, in a day in which the references of the US stock markets were missing. and British due to holidays in both countries.
This Monday, the ECB’s chief economist, Philip Lane, announced that, barring surprises, the institution will be in a position to lower interest rates at its meeting next week, although he has warned that monetary policy will need to remain in place. restrictive terrain for the rest of the year and it will not be until 2025 when its normalization can be discussed.
On the other hand, it has been known that the number of mortgages constituted on homes fell by 18.1% in March compared to the same month in 2023, to total 29,653 loans, with an average interest rate higher than that of the previous month, according to the data released this Monday by the National Institute of Statistics (INE).
Outside Spain, it has been known that the expectations of German businessmen have improved in May for the fourth consecutive month, reaching their highest level since February 2022, as reflected in the subindex prepared by the Munich Economic Research Institute (Ifo). .
This week, inflation data for May in the eurozone and the United States personal consumption price index will be released, which will offer a more up-to-date view of prices, relevant for their impact on the monetary policies of central banks.
In this regard, Renta 4 analysts highlight that the market is expecting a “generalized” rebound in prices in Europe at its general rate, showing the “difficulty of traveling the ‘last mile’ towards the 2% inflation target.”
Regarding the US, experts point out that one of the inflation measures preferred by the Federal Reserve (Fed), the underlying private consumption deflator, “will show for another month its resistance to continue moderating, waiting for stabilize at 2.8% for the third consecutive month”.
In this context, the Madrid selective has closed at 11,325.5 points, with Solaria (+5.26%), Acciona Energía (+4.36%), Acciona (+3.97%) and Grifols (+2, 58%) as the most notable increases. On the other hand, the biggest falls were those of Rovi (-2.30%), Unicaja (-1.42%), Indra (-0.29%), Mapfre (-0.18%) and Bankinter (- 0.18%).
In the rest of Europe, the main indices have also closed with gains: Milan has risen 0.79%; Paris, 0.46%, and Frankfurt, 0.44%.
In the raw materials market, a barrel of Brent stood at $83.08, 1.17% higher, while West Texas Intermediate rose 1.26%, to $78.70.
In the debt market, the yield on the Spanish 10-year bond fell to 3.296%, from 3.346% on Friday. In this way, the risk premium reached 76 basis points, six tenths less.
Regarding currencies, in the European half session the euro appreciated 0.11% against the dollar, reaching an exchange rate of 1.0859 dollars for each unit of the community currency.
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