The Ibex 35 loses 8,100 this Friday but gains almost 2% in the week

Nov. 11 () –

The main indicator of the Spanish stock market, the Ibex 35, has lost the level of 8,100 points this Friday by falling 0.43%, but has gained 1.96% in the week thanks to the best inflation data in the United States.

Specifically, today it has left 35.1 points, equivalent to that 0.43%, which ends the week at 8,098 points. The rest of the European parquets closed the session with a mixed sign: Paris rose 0.58%; Frankfurt, 0.56%, and Milan, 0.25%, while London left 0.78%.

At the close of the Spanish market, the Dow Jones left 0.78%, while the Nasdaq index gained 0.56%, and the S&P 500, 0.13%.

The stock markets around the world have skyrocketed this week after the good data from the US CPI, which stood at 7.7% compared to the 8% expected, with which the increases developed during the month of October continue, as he explained. to Europa Press the analyst of XTB Darío García.

The good data “sowed positivism in the risk markets, which are beginning to discount that in the next and last monetary policy meeting, the US Federal Reserve (Fed) will increase rates by 50 basis points, instead of the 75 initially expected after the last decision”.

In the Spanish markets, the banks are the most affected by the CPI data, when discounting this lower rise in interest rates, and together with Repsol and Telefónica, they mark the group of values ​​that close the week in negative terms, according to García. .

On the contrary, Cellnex, Grifols and IAG have been the most bullish values, followed by Colonial and Solaria, all of them with double-digit increases in the week.

In raw materials, the depreciation of the US dollar, which is returning to levels above parity, has allowed us to see strong purchases in industrial and precious metals: nickel led the week with increases of more than 12%, followed by platinum with 10 %. Oil and natural gas, for their part, corrected during the week that ended along with agricultural raw materials.

This week has also been agitated in the crypto asset market due to uncertainty about the FTX cryptocurrency platform, which filed for bankruptcy this Friday after Binance refused to acquire it. All this has caused bitcoin to fall back to levels not seen in two years.

Back to the Spanish selective, Acciona Energía has been the most bearish value of the Ibex 35, leaving 4.85%, followed by Sacyr and Bankinter, which lost 3.78% and 2.98%, respectively. On the contrary, ArcelorMittal stands out among the gains by adding 5.63%. They are followed by Grifols and Fluidra, which accounted for 4.31% and 2.13%, respectively.

In the continuous market, CAF has been the company in the Spanish market that has fallen the most, dropping 11.89%, while Técnicas Reunidas has led the rises by adding 13.15%.

The price of a barrel of Brent quality oil, a reference for the Old Continent, was at a price of 96.08 dollars at market close, with a rise of 2.56%, while Texas stood at 89, 11 dollars, with a rise of 3.04%.

The value of the euro against the dollar stood at 1.0314 ‘greenbacks’, while the Spanish risk premium stood at 101 basis points, with the interest required on the ten-year bond at 3.181%.

Looking ahead to next week, investors will be awaiting the CPI data for Spain, the United Kingdom and GDP for the third quarter of the Eurozone. From the United States, the most important releases will be retail sales and industrial production indices.