The Ibex 35 is at its highest since February 2020, reaching 9,500 points

March 6 () –

The Ibex 35 has closed the first session of this week with an advance of 0.49%, which has helped it to reach the level of 9,500 points and reach its highest level since the end of February 2020, a few weeks before the start of the period of confinement in Spain due to the Covid-19 pandemic.

In this way, the Madrid selective has placed itself at 9,511 integers in a day with few references and in which investors have been waiting for new macro data, such as inflation in China or Germany, and the appearance tomorrow and on Wednesday of the president of the United States Federal Reserve (Fed), Jerome Powell, before both chambers of the United States Congress.

It should be noted that China announced this weekend its growth target of 5% for 2023, somewhat lower than market expectations that placed GDP growth this year at around 5.5% or 6%.

In this context, Meliá has been the bullish value of the session, with a revaluation of 3.10%, followed by Banco Sabadell (+3.07%), Merlin (+2.20%), Unicaja (+1.67 %), Telefónica (+1.67%), Santander (+1.61%), Bankinter (+1.36%) and CaixaBank (+1.25%).

On the other hand, Grifols (-3.61%), Acciona Energía (-3.37%), Solaria (-2.03%), Rovi (-1.64%), ArcelorMittal (-1, 45%), Sacyr (-1.05%) and Logista (-1.04%).

Regarding the rest of the European markets, the German DAX has closed with an advance of 0.48%; the FTSE MIB of Milan, with a rise of 0.45%; the French CAC 40, with one of 0.34%; while London has lost 0.22% in today’s session.

A barrel of Brent, for its part, stood at 85.56 dollars, 0.31% less, while West Texas Intermediate remained practically flat, with a price of 79.68 dollars.

The yield of the Spanish bond with a maturity of 10 years in the secondary debt markets reached 3.683%, above the 3.661% at the close of Friday, while the risk premium against its German counterpart was 93.1 basis points.

In the foreign exchange market, the euro has registered a growth of 0.5% against the dollar, so that the community currency was exchanged for 1.0689 ‘green tickets’.