June 2 () –
The Ibex 35 has experienced a ‘comeback’ this Friday by closing the session with an impulse of 1.63% that has led it to stand at 9,317.3 integers and register an advance of 1.37% for the week as a whole compared to last Friday.
The week has been marked by the negotiations in the United States on the debt ceiling and the publication of macroeconomic data in several countries.
Thus, the dynamism of this Friday comes after the decision of the United States Senate to approve the law on the debt ceiling agreed between the president, Joe Biden, and the leader of the Republican Party in the House of Representatives, Kevin McCarthy.
In the Spanish sphere, investors have learned the data on unemployment and affiliation to the Spanish Social Security for the month of May: unemployment fell by 49,260 unemployed (up to 2.74 million), while affiliation to the Social Security accounted for 200,411 new employed (up to 20.82 million affiliates).
Finally, among the references for this Friday, the unemployment rate in the United States stands out, which rose three tenths in May, up to 3.7%, despite the fact that 339,000 new jobs were created.
The XTB analyst, Joaquín Robles, also highlights other data that has been released during the week, such as China’s PMI, which “reset the alarms about the slow recovery of the Asian giant”, or inflation in the euro zone, which slowed down to 6.1%, while the core did so to 5.3%.
“This unexpected fall has raised the possibility that the ECB could pause the increases sooner than expected, although the European organization remains prudent given the fear of a new rise in prices and how far they are from the objective,” he explains. the analyst.
In Spain, Robles points out that the early electoral announcement “did not have a significant impact” on the Ibex 35 or on debt spreads. “In these kinds of times, the biggest concern for investors is the formation of a stable government,” he adds.
In this context, Grifols led the increases (+6.50%) in today’s session, followed by ArcelorMittal (+4.66%), Merlin (+4.27%), Sacyr (+4.23%) , Colonial (+4.12%) and BBVA (+3.74%), while on the opposite side only Telefónica (-0.77%) and ACS (-0.76%) closed negative.
As for the rest of the European indexes, the French CAC 40 closed with a revaluation of 1.87%, followed by the Italian FTSE MIB (+1.85%), the British FTSE 100 (+1.56%) and the German DAX (+1.25%).
On its side, the barrel of Brent traded at 75.59 dollars, an increase of 1.76%, while the West Texas Intermediate rose 1.78%, up to 71.35 dollars.
In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.308%, while the risk premium against German bonds stood at 102 basis points.
In the foreign exchange market, the euro appreciated 0.38% against the dollar, reaching an exchange rate of 1.0721 ‘green tickets’ for each unit of the community currency.
Next week investors will be awaiting the OPEC meeting and the publication of data such as the services PMI, among others. In addition, the markets will speculate on the next movements of the central banks in their monetary policy, according to Robles.
