The Ibex 35 falls 0.4% at the close, but maintains the level of 8,000 integers

July 11 () –

The Ibex 35 has closed with a fall of 0.43%, which has allowed it to maintain the level of 8,000 points, which it has lost in the early stages of this Monday’s session, marked by fear of a cut of Russian gas supply and possible new lockdowns in China.

Renta 4 analysts highlight that today’s session was marked by the “increasing risk” of a gas supply cut from Russia to Europe and the fear of new confinements in China due to the appearance of new variants of Covid-19 .

They have also highlighted the elections of the upper house in Japan, which have concluded with an expansion of the majority of the government coalition, “which suggests political stability and possibly the maintenance of an ultralax monetary policy.” It should be noted that these elections have been held after the assassination last Friday of the former president of the Japanese country, Shinzo Abe.

This week, investors will be attentive to the CPI data in the United States for the month of June, as well as the GDP data in China for the second quarter, among others. The earnings season will also begin in the United States, with the publication of the accounts of the main investment banks: JP Morgan, Morgan Stanley, Wells Fargo, BlackRock and Citigroup.

Returning to the Ibex 35, the main Spanish index has closed at 8,065.2 integers, with most of its values ​​in red. The falls of IAG (-5.73%), Ferrovial (-3.15%), Sacyr (-3.10%), Acerinox (-2.55%), BBVA (-2.55%) and Mapfre (-2.36%).

On the other hand, Iberdrola (+2.40%), Solaria (+1.63%), Telefónica (+1.42%), Cellnex (+1.37%) and Acciona (+ 1.21%).

Like Madrid, the main European cities have also closed with decreases, of 0.61% in Paris, 1.40% in Frankfurt and 0.95% in Milan, although London has finished flat.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, was quoted at 106.42 dollars, with a decrease of 0.53%, while Texas stood at 103.68 dollars, with a decline of 1.03%.

EURO-DOLLAR PARITY

In the foreign exchange market, the euro continued to lose ground against the dollar and was trading at 1.0080 ‘greenbacks’, practically at parity. The exchange rate of the euro against the dollar is registering its lowest levels since 2002 in the face of growing risks of recession in the eurozone.

In the debt market, the Spanish risk premium was around 106.9 basis points, with the interest required on the ten-year bond at 2.330%.