The Ibex 35 rises 0.78% and climbs to a new unprecedented high since August 2015

May 14. () –

The Ibex 35 closed this Tuesday with a rise of 0.78%, reaching 11,239.3 points, unprecedented levels since August 2015, thanks to the boost of values ​​such as Ferrovial, while the day was marked by the rise in Spanish inflation.

Specifically, the Consumer Price Index (CPI) of Spain rose 0.7% in April compared to the previous month and raised its interannual rate by one tenth, to 3.3%, due to the increase in gas prices and of food, according to the definitive data published by the National Institute of Statistics (INE), which confirms those advanced at the end of last month.

For its part, German inflation stood at 2.2% year-on-year in April, in line with the inflation reading of the previous month, thus repeating the smallest increase in the cost of living since May 2021, according to the second estimate of the Federal Statistical Office (Destatis). Continuing with the ‘macro’ agenda, the United Kingdom’s unemployment rate in March rose by one tenth, to 4.3%.

For its part, the Public Treasury awarded 1,909.9 million euros this Tuesday in an auction of three- and nine-month bills, in the middle range of the planned objective, and did so at rates slightly lower than those of the previous auction. of this type of paper, according to data from the Bank of Spain.

In other geographies, the president of the United States Federal Reserve (Fed), Jerome Powell, stated at an event held in Amsterdam (Netherlands) that his confidence that inflation will fall has been reduced given its rebound in recent months. , which would distance the time horizon of interest rate declines in the North American country.

Precisely in that country, it has been published that the producer price index (IPP) registered an increase of 0.5% last April, which contrasts with the contraction of -0.1% in March, as revealed by the Office of Labor Statistics from the country’s Department of Labor.

In the business field, it is worth noting that Grifols shares closed this Tuesday with a rise of 0.49% despite the fact that they fell 5.5% at the opening of trading after the fund bearish Gotham City Research has launched a new offensive against the blood products firm, also coinciding with the publication of its results.

Also in the corporate field, the State Society of Industrial Participations (SEPI) has reported today that on May 9 it exceeded the threshold of 8% in Telefónica’s share capital.

Likewise, investors will continue to pay attention throughout the week to how BBVA’s hostile takeover bid (OPA) for Banco Sabadell evolves. BBVA has added 1.84% during the day and Banco Sabadell has advanced 0.38%.

In this context, Ferrovial has been the most bullish value in the selective at the close of the session (+3.25%) after presenting its results yesterday – with the market closed -, ahead of Fluidra (+3.71%) , Solaria (+3.48%), Cellnex (+2.36%), Acciona Energía (+1.94%) and Amadeus (+1.84%).

At the opposite extreme, Mélia (-1.96%), IAG (-1.11%), Logista (-0.6%), Repsol (-0.5%), Enagás (-0.28 %) and Rovi (-0.18%).

The majority of European markets have seen gains during the day: London has added 0.16%; Paris 0.2% and Milan 0.96%. In contrast, Frankfurt fell 0.14%.

At closing time in the Old Continent, a barrel of Brent registered a decrease of 1.5%, to 82.15 dollars, while West Texas Intermediate (WTI) stood at 77.78 dollars, a 1 .7% less.

The yield on the Spanish bond maturing in 10 years closed at 3.328% after adding almost three basis points, with the risk premium (the differential with the German bond) at 78.2 points.

In the foreign exchange market, the euro appreciated 0.25% against the dollar, reaching an exchange rate of 1.0816 ‘greenbacks’ for each unit of the community currency.