24 Feb. () –
The Ibex 35 has closed the week with a fall of 1.40%, standing at 9,201.5 points after falling 0.33% in today’s session, marked by the publication of one of the data that the Federal Reserve ( Fed) of the United States uses to monitor inflation.
This is the personal consumption expenditure price index, which increased by 5.4% in the interannual rate in January, with a rise of one tenth compared to December. In addition, the underlying index, which excludes food and energy prices from its calculation due to their greater volatility, closed with an increase of 4.7%, also one tenth more than the previous month.
The XTB analyst, Joaquín Robles, points out that these data have caused a “sales wave” and that it means that, if this pace continues, it is possible that there will be increases at each Fed meeting until the summer.
Regarding the evolution of the week, Robles explains that investors continue to be “very divided”, among those who see the “solid” employment, consumption and services data as “new inflation pressures” that could lead central banks to extend the cycle of increases, and those others who see in these data “the possibility that the recession will be milder”.
In addition, the week on the Ibex 35 has been marked by the presentation of results. In this sense, Sacyr, which has released its accounts today, has closed as the bullish value of the session, with a revaluation of 4.72%. They were followed by Amadeus (+2.08%), Mapfre (+1.15%), Sabadell (+1.11%) and Telefónica (+0.96%).
On the other hand, IAG has closed as a ‘red lantern’, with a fall of 6.52%, despite having announced earnings of 431 million euros, which leaves behind the losses caused by the pandemic.
Robles explains that the announcement of the purchase of 80% of Air Europa for 400 million euros “has not been well received” by the investors of the airline ‘holding’, “since it implies greater leverage at a time when the debt of the company has skyrocketed to 10,400 million euros”.
Behind IAG were Solaria (-2.61%), Rovi (-2.41%), Grifols (-2.29%), Fluidra (-1.77%), Indra (-1.51% ), Colonial (-1.48%) and Merlin (-1.26%).
The rest of the European stock markets have also closed negatively, with a fall of 1.81% in Frankfurt, 1.78% in Paris, 1.07% in Milan and 0.37% in London.
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 82.86 dollars, with a rise of 0.77%, while Texas stood at 76.07 dollars, with a rise of 0.92%.
Finally, the price of the euro against the dollar stood at 1.0545 ‘greenbacks’, while the Spanish risk premium stood at 97 basis points, with the interest required on the ten-year bond at 3.492%.
The next week will continue to be marked by the discussion on the position of the central banks as the next meetings in March approach.
In addition, the data for Industrial Production in China, the February CPI data for the Eurozone will be released, and the season for presenting results will continue both in the United States and in Spain, with companies such as Berkshire Hathaway, Target, Costco, and Meliá Hotels. , PharmaMar, Acciona, Grifols, Merlin Properties, ACS or Ferrovial, among others.