MADRID 25 Nov. () –
The Ibex 35 closed this Monday with a rise of 0.47%, reaching 11,711.8 points, in a day in which practically all components of the selective have reaped gains.
The main indicator of the Spanish market has been in a positive sign all day and, although the index has tried to approach the level of 11,800 integers, the closing auction has ruined that attempt to settle for the level of 11,700 integers. , a reference that has taken three weeks to recover.
In the Spanish business field, Fluidra, a company specialized in equipment and connected solutions in the pool and wellness sector, has signed an agreement to purchase 100% of BAC, manufacturer and distributor of automatic, manual and safety covers. for both residential and commercial pools with operations in Germany and Switzerland.
For its part, the Algerian energy company Sonelgaz has presented to the Algerian Chamber of Commerce and Industry a request for arbitration against the Asturian company Duro Felguera for the suspension of the Djelfa contract in Algeria; This situation has led to the suspension of the Asturian company’s listing by the National Securities Market Commission (CNMV).
At a European level, this Monday it became known that the confidence of German businessmen has worsened in November, weighed down by the sharp deterioration in their perception of the current situation, which has registered its lowest levels since 2020, as reflected in the index prepared by the Institute of Munich Economic Research (Ifo), which stood at 85.7 points from 86.5 the previous month.
Likewise, at the level of monetary policy, the chief economist of the European Central Bank (ECB), Philip Lane, has indicated that the level of interest rates in the euro zone should stop being restrictive in the near future to avoid suffocating the growth of the economy and that this drags inflation below the institution’s objective.
Regarding the Spanish ‘macro’ level, this day it was published that industrial inflation moderated its fall in October to 3.9% and was negative for 20 months, while production in the services sector rose 4% in September and chained three months of increases.
In this context, Fluidra has been the main bullish value (+3.9%), ahead of Ferrovial (+3.32%), ACS (+2.90%), Puig (+2.78%), IAG (+2.67%), Sacyr (+2.63%) and Acciona Energía (+2.18%).
At the opposite extreme, only six securities have concluded trading with losses, although the leadership has been exercised by two listed companies of large size and influence on the indicator such as CaixaBank (-2.45%) and Iberdrola (-1.36%). .
This Monday’s optimism has been mostly shared by the leading European markets: Paris has added 0.03%; London 0.36% and Frankfurt 0.43%, while Milan has subtracted 0.2%.
At closing time in Europe, a barrel of Brent stood at $73.58, 2.15% less, while West Texas Intermediate (WTI) reached $69.54, 2.37% less .
The yield on the Spanish bond maturing in 10 years closed at 2.935% after subtracting three basis points, with the risk premium with respect to the German bond at around 73 points.
Regarding currencies, the euro appreciated 0.6% against the dollar, reaching an exchange rate of 1.048 ‘greenbacks’ for each unit of the community currency, after learning of the appointment of Scott Bessent as Secretary of the Treasury of the United States, as investors have interpreted that the Trump Administration’s tariff policy could be softer.
For its part, the troy ounce of gold plummeted more than 3% and was trading at $2,630, while bitcoin deflated and moved away from $100,000, falling 1% and trading below $96,000.
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