MADRID Dec. 4 () –
The Ibex 35 closed this Wednesday with an increase of 0.49%, reaching 11,931.6 points, in a day marked by the publication of a battery of macroeconomic data on both sides of the Atlantic and despite the geopolitical tension generated in South Korea and France.
The main indicator of the Spanish market has thus recovered the level of 11,900 integers that it lost at the end of October and glimpses the annual maximums, which touched the symbolic height of 12,000 integers – specifically, in mid-October the indicator closed at 11,996 .7 points-. So far this year, the Ibex has accumulated a revaluation of 18.11%.
Within the panorama of central banks, the president of the European Central Bank (ECB), Christine Lagarde, has supported this day that the EU finance with common debt the “well-defined” joint investments necessary to close the gap that separates the bloc from competitors such as China or the United States, while, on the other side of the Atlantic, the president of the Federal Reserve (Fed), Jerome Powell, will speak in the afternoon.
The markets are digesting, in turn, at the international level, the political risk in France with the Barnier Government close to falling in a motion of censure and the instability of South Korea, after the president of the Asian country declared and revoked hours martial law this Tuesday.
Regarding Spain, it has been known that private sector activity maintained a robust pace of expansion in November, although growth slowed to its lowest level since the beginning of the year, as reflected by the composite PMI index, which fell to 53.2 points from 55.2 the previous month.
Spain’s situation contrasts with that of the euro zone, whose activity level fell to 48.3 points, from 50 the previous month. It is the worst reading of the data in ten months and pushes the euro region towards stagflation, dragged down by the contraction observed in three of the four main economies of the bloc, with the exception of Spain.
Furthermore, industrial production prices in the euro zone registered an increase of 0.4% last October compared to the previous month, when they then fell by 0.6%, according to data published this Wednesday by Eurostat.
For its part, the PMI in the United States accelerated in November to 56.1 points from the 55 points recorded in October, which represents the most significant increase since March 2022, as revealed by S&P Global.
In parallel, in the United States it has been published that the private sector created 146,000 jobs in November, a figure lower than the 184,000 new jobs in October, according to the report published by the consulting firm ADP; Throughout the day, the Fed’s Beige Book will be released, in which investors will look for clues related to the future of monetary policy.
In this context, IAG has been the leading value of the Spanish selective, planning above the rest of the values, with an increase of 4.24% at the close; Below were Merlín (+2.24%), Inditex (+2.04%), Indra (+1.61%), Acerinox (+1.52%), and Banco Sabadell (+1.4 %).
At the opposite extreme, ArcelorMittal (-1.38%), Logista (-1.06%), Repsol (-0.91%), Iberdrola (-0.89%) and Acciona (-0.84) have been placed. %).
The majority of European markets have opted for increases: Paris has added 0.66%; Milan 0.75% and Frankfurt 1.08%, while London was the exception, falling 0.28%.
In the raw materials market, a barrel of Brent stood at $73.2 at closing time in Europe, 0.43% less, while West Texas Intermediate (WTI) depreciated 0.7%. , up to $69.45.
In the debt market, the yield on the Spanish bond maturing in 10 years closed at 2.754%, with little variation compared to yesterday’s close, while the risk premium with respect to the German bond stood at 69.7 points.
Regarding currencies, the euro appreciated 0.2% against the dollar at the close, until trading at a level of 1.053 dollars for each euro.
For its part, the troy ounce of gold rose by 0.25%, to $2,650, while bitcoin was trading below $95,000, falling 1.3% cheaper.
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