The Ibex 35 rebounds 0.99% and recovers 11,000 points despite the rise in the CPI in the eurozone

June 18 () –

This Tuesday, the Ibex 35 ended a streak of three consecutive sessions of decline by registering a rise of 0.99%, reaching 11,067.7 points – a level that dropped last Friday – despite the rise in inflation. of the eurozone in May.

The Spanish index had started the day positively but with a downward trend that led it to be trading at a loss, although at the moment of entering negative territory it began to rebound strongly thanks to the fact that practically all the values ​​​​in the index went to the profit side.

Likewise, in the afternoon the national indicator found an added point of support in the advances thanks to the green opening of Wall Street, whose indices, however, moderated strongly at closing time in Europe to the point of trading flat. .

Going into the details of the day, the eurozone inflation rate stood at 2.6% year-on-year in May, two tenths above the rise in prices observed in April, according to the second estimate of the data published by the office. statistical community, Eurostat; Likewise, core inflation rose two tenths, reaching 2.9%.

For its part, the confidence of German investors has improved for the eleventh consecutive month in June, according to the indicator of the Leibniz Center for European Economic Research (ZEW, for its acronym in German), which has stood at 47.5 points since 47.1 from the previous month, thus obtaining its best reading since February 2022.

The reference macroeconomic agenda has been complemented this afternoon with the publication in the United States of retail sales in May, which have risen 0.1% in monthly rate (less than what the market expected) and industrial production in the same month, which has risen 0.9% in monthly rate (triple what was expected by consensus).

In the business field, Europastry, specialized in frozen bakery products, confirmed this Tuesday its intention to list on the Spanish Stock Exchanges through a public offering of ordinary shares aimed at qualified investors.

As reported by the company, the operation will include a primary offering of new shares for an amount of approximately 225 million euros to contribute to deleveraging and benefit from potential growth opportunities in the short or medium term.

In addition, Soltec has reported before the opening of the stock market to the National Securities Market Commission (CMMV) that it registered a net profit of 1.3 million euros in the first quarter of the year, compared to the ‘red numbers’ of 9.6 million euros in the same period of 2023, while obtaining record income of 121 million, 58% more.

For its part, the ‘proxy advisor’ ISS has recommended that BBVA’s large shareholders vote in favor of the capital increase that the bank needs to launch the hostile takeover bid for Sabadell, but has warned that the lack of support from board of directors of the Catalan entity and the regulatory authorization process creates “uncertainties” about the success of the operation.

On the other hand, Grifols has completed the sale of 20% of its stake in Shanghai Raas to Haier Group for 12.5 billion renminbi (approximately 1.6 billion euros) in cash; After the operation, Grifols maintains a 6.58% stake in the Chinese company, as well as a position on the board of directors.

The Catalan blood products company, which fell 3% in the morning, turned around after the corporate announcement and concluded the negotiation with an advance of 0.57%.

Given this situation, the Ibex 35 has closed with practically all the values ​​in positive, although Caixabank (+2.92%), Enagás (+2.71%), Ferrovial (+2.25%) stood out. ), Merlín Properties (+2%), IAG (+1.69%) and BBVA (+1.63%).

On the other hand, the losses included Telefónica (-3.68%, affected by the ex-dividend effect), Rovi (-2.29%), Acciona Energía (-1.46%, also affected by the ex-dividend effect). ) and Solaria (-0.58%).

In the rest of Europe, the main stock indices have also rebounded decisively: Frankfurt has risen 0.35%; London 0.6%; Paris 0.76% and Milan 1.24%.

At closing time in Europe, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.83%, to 84.95 dollars, while Texas stood at 81.2 dollars , 1.08% more.

In the foreign exchange market, the price of the euro rose 0.06% against the dollar, to 1.0741 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond closed at 3.267% after subtracting four basis points, with the risk premium (the differential with the German bond) at 87.3 points.