July 19 () –
The Ibex 35 advanced 1.02% in the mid-session on Tuesday, recovering 8,000 integers, on a day that will continue to be marked by the presentation of business results and in which the CPI data for the euro zone will be published, in the prelude to the meeting of the European Central Bank (ECB).
Specifically, the Governing Council of the European Central Bank (ECB) will undertake this Thursday the first rise in interest rates in the eurozone since July 2011, thus putting an end to an era in the monetary policy of negative or zero rates of the euro zone in the face of unbridled inflation and the relentless fall in the price of the euro against the dollar in recent months, while Italy is going through a new political crisis.
As for the CPI for the eurozone, it stood at 8.6% year-on-year in June, compared to the 8.1% registered in May, which represents the highest increase in prices in the euro region of the entire historical series and more than four times the price stability target of 2% of the European Central Bank (ECB).
Renta 4 analysts point out that another focus of investors’ attention is the supply of Russian gas to Europe. They stress that Russia’s supply to Germany through Nord Stream 1 should resume on Thursday, although it is feared that Russia will cut off the flow of gas “in retaliation for the sanctions imposed.”
In this context, the Ibex 35 stood at 8,044.5 integers, with most of its values in positive territory. PharmaMar stood out, rising 6.6% in the middle of the session after the Chinese authorities approved one of its drugs for the treatment of lung cancer.
Behind were CaixaBank (+4.40%), Banco Sabadell (+3.03%), Bankinter (+2.27%), Aena (+1.83%), Cellnex (+1.67%) , Ferrovial (+1.54%), BBVA (+1.38%), Amadeus (+1.24%) and Acciona (+1.09). On the other hand, Rovi fell (-1.52%), Fluidra (-0.63%), Solaria (-0.43%), Acciona Energía (-0.20%), Siemens Gamesa (-0.11 %) and Merlin Properties (-0.10%).
The rest of the European stock markets traded with a mixed behavior, with falls of 0.09% for Frankfurt and 0.12% for Paris, while London rose 0.05% and Milan, 0.37%.
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 105 dollars, down 0.63%, while Texas stood at 102.15 dollars, after rising 0.44%.
Finally, the price of the euro against the dollar stood at 1.0245 ‘greenbacks’, while the Spanish risk premium stood at 122 basis points, with the interest required on the ten-year bond at 2.452%.
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