MADRID 20 Nov. () –
The Ibex 35 maintained the upward trend with which it had started this Wednesday’s session and was trading with an increase of 0.58% in the mid-session until it stood at 11,655.3 integers.
Renta 4 analysts highlight the “growing geopolitical risk” yesterday, after Ukraine launched the first long-range missiles of US origin against Russia and with Russia’s warning to the US and its allies that this situation could lead to a direct conflict.
“This context produced a certain moderate flight towards safe haven assets,” say the experts, with increases of 0.8% in gold, two basis points in the US bond, up to 4.40%, and four basis points in the German Bund. , up to 2.34%.
However, they explain that the impacts on the stock markets were “limited”: Wall Street closed positively, while Europe moderated its losses at the close.
“We will continue to monitor the geopolitical risk, highlighting that Russia has updated its nuclear doctrine, expanding the use of nuclear weapons in response to massive conventional attacks on its territory by states that, although not nuclear powers, are supported by powers that are. are,” the analysts add.
In today’s session, the inflation rate in the United Kingdom also stands out, which stood at 2.3% in October in an interannual rate, accelerating six tenths compared to the 1.7% rise in prices recorded in September and returning to the levels of last April.
In the eurozone, it has been known that negotiated salaries have reached an increase of 5.2%, their largest increase since 1993, which may call into question future interest rate cuts.
In addition, the markets will be awaiting the results of Nvidia, one of the main exponents of artificial intelligence (AI), although they will be known at the close of the European market.
In the middle trading section of the Ibex 35, the biggest increases were those of Merlin (+1.89%), IAG (+1.64%), Sacyr (+1.40%), Unicaja (+1.39% ) and CaixaBank (+1.22%). On the other hand, the biggest falls were those of Solaria (-1.69%), Ferrovial (-0.65%), ArcelorMittal (-0.42%), Acerinox (-0.39%), Telefónica (- 0.07%) and Logista (-0.07%).
The rise of the Ibex 35 stood out among the increases that the main European indices registered in the mid-session: Frankfurt advanced 0.31%; Milan, 0.24%; Paris, 0.23%; and London, 0.12%.
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 73.53 dollars, 0.30% more, while Texas rose 0.50%, to 69. 74 dollars.
In the currency market, the price of the euro against the dollar stood at 1.0546 ‘greenbacks’, while in the debt market, the interest required on the 10-year bond rose to 3.071%, with the risk premium at 70 basis points.
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