MADRID Dec. 10 () –
At midday this Tuesday, the Ibex 35 widened its losses by 0.25%, reaching 11,981.5 points, in a context marked by geopolitical tensions, specifically, the fall of the Bashar Al Assad regime in Syria, which adds a new source of uncertainty in the Middle East.
Investors have also shifted their attention to China, where exports have moderated their growth in November to 6.7% and imports have fallen by 3.9%: “Exports continue to show high dynamism, but the disappointment came from a new drop in imports,” Banca March experts have assessed.
Precisely, a report from this entity pointed out this day that the Politburo’s signals indicating greater fiscal proactivity have once again generated the expectation that the Chinese Government will leave moderation behind and launch a forceful fiscal stimulus package.
All in all, the stock markets of that country, which at first reacted with euphoria, have moderated their results in the early morning: the Hang Senh has subtracted 0.5% and the CSI 300 has risen 0.73%.
At the business level in Spain, the board of directors of Grifols has unanimously agreed to appoint Pascal Ravery and Paul Herendeen as new directors, with the categories of independent and proprietary, respectively, thus filling the two existing vacancies in the highest governing body. of the Catalan company.
Aedas Homes, for its part, has closed an agreement with a private developer for the purchase of a portfolio of land worth 129 million euros with the aim of developing around 2,800 homes.
In parallel, Stellantis and the Chinese CATL announced this Tuesday the creation of a ‘joint venture’ for the construction of a battery plant – gigafactory – of lithium iron phosphate (LFP) batteries in Zaragoza, with an investment of up to 4.1 billion euros.
In the macroeconomic field, the Public Treasury has placed this Tuesday in an issue of 3 and 9 month bills a total of 2,582.4 million euros in the organization’s last auction of the year, an amount within the expected average range, and has done by reducing the profitability offered to investors, according to data from the Bank of Spain.
Within the European ‘macro’ agenda, it has barely stood out that Germany has confirmed the rise in inflation to 2.2% in the interannual rate in November.
In the middle section of trading this Tuesday, the biggest increases within the Ibex 35 were recorded by Fluidra (+1.2%), Grifols (+0.8%) and Acciona Energía (+0.7%), while that at the other extreme, the ‘red lanterns’ were Enagás (-3.93%, weighed down by the ‘ex-dividend’ effect); Puig (-1.77%); Acerinox (-1.47%) and Colonial (-1.04%).
The European stock markets also opted for declines at midday: Frankfurt fell 0.17%; Milan 0.28%; London 0.6% and Paris 0.68%,
At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.62%, to 71.7 dollars, while Texas stood at 67.88 dollars, 0. 72% less, on a day marked by the meeting of the Organization of Petroleum Exporting Countries (OPEC).
In the currency market, the price of the euro against the dollar depreciated by 0.26%, to 1.0527 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond escalated. slightly up to 2.76%, with the risk premium with respect to the German bond at 63.5 points.
For its part, the troy ounce of gold rose 0.5% due to the geopolitical context and was quoted at $2,675, while bitcoin rose 0.9% and was close to $98,000.
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