July 28 () –
The Ibex 35 has closed the session with a fall of 0.49%, to stand at 8,084.9 points, in a scenario marked by the avalanche of business results and by the meeting of the Federal Reserve (Fed) of the United States, that yesterday announced, with the market closed, a rise in interest rates of 75 basis points, to a target range of between 2.25% and 2.5%, its highest level since December 2018.
This Thursday it was known that the United States entered a technical recession in the second quarter of 2022, when its gross domestic product (GDP) experienced a 0.2% drop, after having already contracted 0.4% in the first three months of the year.
It has also been published that economic confidence in the euro zone deteriorated substantially in July, when the economic sentiment indicator (ESI) prepared by the European Commission fell to 99 points from 103.5 the previous month, its worst reading since February 2021, with Spain and Germany leading the decline among the main economies of the bloc.
In Spain, unemployment fell by 255,300 people between April and June of this year, the largest drop for a second quarter since 2018, and the number of unemployed fell below three million for the first time since 2008.
Likewise, the Government has registered in Congress a bill that proposes to temporarily tax interest and net commissions of financial institutions with revenues of more than 800 million euros at a rate of 4.8%, and at a rate of 1.2% the total sales of energy companies that invoice more than 1,000 million euros per year, as well as a penalty for those companies that transfer the tax to users.
At the business level, Santander recorded an attributable profit of 4,894 million euros during the first half of this year, 33% more year-on-year (+21% in constant euros), while Sabadell posted profits of 393 million euros, 78.6% more.
On its side, Telefónica earned 1,026 million euros net, while Repsol obtained a net profit of 2,539 million euros, after doubling the profits of 1,235 million euros for the same period last year.
In this scenario, the biggest increases in the Ibex 35 have been presented by Aena (+3.81%), Solaria (+3.58%), Acerinox (+3.15%), Cellnex (+2.22%), Arcelormittal (+1.92%), Ferrovial (+1.62%) and IAG (+1.38%).
On the negative side, PharmaMar (-13.77%), Grifols (-10.7%), Fluidra (-9.11%), Rovi (-8.12%), Sabadell (-5.03% ), Repsol (-4.87%) and Indra (-2.92%).
As for the rest of banking securities, CaixaBank has fallen by 2.48%, Santander by 2.39% and Bankinter by 2.31%, while BBVA has risen by 0.19%.
The Ibex 35 has performed worse than the rest of the main European stock markets, which have presented increases of 1.3% in Paris, 0.88% in Frankfurt and 2.1% in Milan, while London has presented a slight retracement of 0.04%.
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 107.76 dollars, with an increase of 1.07%, while Texas stood at 98.12 dollars, after rising 0.92%.
Finally, the price of the euro against the dollar stood at 1.0167 ‘greenbacks’, while the risk premium stood at 118 basis points and the return on the 10-year Spanish bond stood at 1.952%.
Add Comment