The Ibex 35 maintains the rise of 0.7% in the mid-session and continues above 11,600 integers

MADRID 11 Nov. () –

The Ibex 35 resumed its rise this Monday and in the mid-session it maintained the 0.7% increase it registered at the stock market opening and continued at the level of 11,600 integers, in such a way that it recovered part of the ground it lost last week after learning of Donald Trump’s victory in the US presidential elections.

In the macroeconomic field, China’s Consumer Price Index (CPI) recorded a year-on-year increase of 0.3% last October, one tenth less than the previous month and the weakest price increase in four months.

Renta 4 analysts highlight the 1.5% drop in the Chinese stock market due to the “disappointment” caused by the latest economic stimuli approved by China. The Chinese People’s Congress Committee announced 10 trillion yuan (1.4 trillion dollars or 1.3 trillion euros) to refinance local debt, “an amount lower than expected,” although the Chinese government has already stated be working on more tax stimulus for 2025.

“These measures, to be truly effective, should focus on recovering consumer confidence and private consumption, and seem especially necessary after Trump’s ‘Republican wave’ (which has a proposal for 60% tariffs on China), which “they question whether it can maintain outward growth,” the analysts add.

Experts also raise the possibility of early elections in Germany, after the tripartite coalition in the country has collapsed and Chancellor Olaf Scholz has shown himself willing to call a vote of confidence before Christmas.

For the week as a whole, investors’ attention will be on the October CPI and consumption data in the US, while in Europe the second reading of October inflation from Germany, Spain and France, GDP data from the eurozone stands out. and from the United Kingdom and the ZEW survey in both Germany and the eurozone, among other data.

In this context, the Ibex 35 was trading at 11,638.9 integers, boosted by the majority of securities, which were trading in ‘green’. The most notable increases were those of Rovi (+2.09%), Acciona (+1.78%), Santander (+1.76%), Sacyr (+1.62%), Cellnex (+1.51% ) and Acciona Energía (+1.40%). On the falls side, only Acerinox (-0.85%), Grifols (-0.81%), Telefónica (-0.40%), ArcelorMittal (-0.33%), were in the ‘red’. Inditex (-0.31%), Merlin (-0.10%) and Colonial (-0.09%).

The main European stock markets were trading in the middle range of trading with increases: Frankfurt advanced 1.25%; Milan, 1.24%; Paris, 1.14%; and London, 0.78%.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 72.84 dollars, 1.39% less, while Texas fell 1.63%, to 69. 23 dollars.

In the currency market, the price of the euro against the dollar stood at 1.0669 ‘greenbacks’, while in the debt market, the interest required on the 10-year bond rose to 3.072%, with the risk premium at 73 basis points.