The Ibex 35 lost 0.27% in November, but managed to retain the level of 11,600 integers

MADRID 29 Nov. () –

The Ibex 35 has lost 0.27% in November, but has managed to maintain the level of 11,600 integers, in a month marked by the elections in the United States and the rise in inflation, factors that have generated some volatility in the markets .

Only in this Friday’s session, however, the Madrid selective has managed to rebound by 0.26%, while during the week it has registered a slight decline of 0.13%. Compared to the beginning of 2024, the Ibex 35 achieved a revaluation of 15.2%, closing November at 11,641.3 integers.

XTB analyst Manuel Pinto points out that the main event of the month of November has been the elections in the US, which have created a “climate of uncertainty in Europe” due to the possibility that the new president, Donald Trump, approve tariff measures for the region.

“Old Continent stocks have risen just 0.2% this month, as concerns about President-elect Donald Trump’s tariff plans and France’s budget problems have affected investor confidence,” he explains.

In contrast, US stocks are “far outperforming” European stocks this year: the S&P 500 index has so far achieved a 26% appreciation so far in 2024, while the Stoxx 600 index has only achieved a rise of 26%. 5.8%.

As for today, it has been learned that the leading inflation index of the euro zone has risen in November to 2.3% year-on-year, three tenths above the reading of the previous month, which represents the second increase consecutive and the largest year-on-year increase in prices in the region since last July.

Linked to this, the expectations of eurozone citizens about the evolution of the inflation rate over the next year rose slightly in October, although they remain at minimum levels since September 2021, according to the European Central Bank (ECB). in its latest survey among euro zone consumers.

As for the eurozone countries, today it was published that the Consumer Price Index (CPI) of France accelerated in the month of November to 1.3% year-on-year, one tenth above the rise observed in October, while Germany’s unemployment rate in November remained stable at 6.1%.

In the business field in Spain, Repsol has reached an agreement to sell its gas and oil assets in Colombia to GeoPark for a total of 530 million dollars (500.7 million euros).

In this context, the biggest increases in this Friday’s session corresponded to Puig (+1.27%), CaixaBank (+1.26%), Unicaja (+1.16%), Bankinter (+1.13% ), Naturgy (+1.13%) and Rovi (+0.94%). On the other hand, the most notable decreases have been those of Telefónica (-1.70%), Mapfre (-1.13%), Redeia (-1.11%), Solaria (-1.09%) and Colonial (-0.64%).

European stock markets have also closed higher this Friday: Frankfurt has appreciated 1.03%; Paris, 0.78%; Milan, 0.46%; and London, 0.07%.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.26%, to 73.11 dollars, while Texas stood at 68.78 dollars, 0.10 % further.

In the currency market, the price of the euro depreciated until it was exchanged for 1.0547 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond fell to 2.787% after subtracting two points. basics, with the risk premium with respect to the German bond at 70 points.