The Ibex 35 signs its best session of the year with an increase of 1.73% and returns to highs of 11,300 points

The indicator has achieved its best result since November due to the pull of the banks

May 30. () –

The Ibex 35 has recovered this Thursday the ground lost in the last two days and has returned to the maximum zone by signing its best result so far in 2024 with an increase of 1.73%, reaching 11,338.2 points. , in a day marked by the publication of macroeconomic data such as inflation in Spain in May and the rise in banking values.

The Spanish selective has spent the entire day in advances, which has been expanding throughout the negotiation until reaching its intraday maximum at the end of the negotiation.

The national market reference index thus once again glimpses the annual highs reached on May 15 at 11,362.8 integers, levels that had not previously been seen since the summer of 2015.

This Thursday it was learned that the consumer price index (CPI) rose 0.3% in May in relation to the previous month and raised its interannual rate three tenths, up to 3.6%, thus registering its highest level since April 2023.

For its part, Spain’s economic confidence has fallen in May to its lowest level since last November, according to the Economic Sentiment Indicator (ESI), prepared by the European Commission, which has dropped to 101.1 points, compared to 104.3 the previous month.

Continuing with the ‘macro’ agenda, it has been published that the eurozone unemployment rate stood at 6.4% last April, one tenth less than in March and the lowest in the entire historical series, while in In the European Union as a whole, unemployment remained stable at 6%, thus repeating its usual low.

In addition, the number of unemployed in the eurozone fell below 11 million for the first time, according to data published by Eurostat.

From the United States, it has been known that the gross domestic product (GDP) of the United States registered an expansion of 0.3% in the first quarter of the year, this is half a point less compared to the 0.8% growth of the fourth quarter of 2023, according to the second estimate published by the Department of Commerce’s Bureau of Economic Analysis.

In annualized figures, US GDP between January and March increased by 1.3%, compared to 3.4% in the previous three months. The update of three tenths downwards with respect to the preliminary data was motivated by a review of the reading of consumer spending.

In this context, within the Ibex 35 the advances have been led by Solaria (+6.7%), Acciona (+5.13%) and Acciona Energía (+4.88%); However, due to their weight in the index, the increases in Bankinter (+2.75%), Indra (+2.41%), Caixabank (+2.3%), Banco Santander (+2.11%) have stood out. ), BBVA (+2.09%), Banco Sabadell (+2%), Telefónica (+1.87%), Inditex (+1.79%) and Iberdrola (+1.3).

At the opposite extreme, only three stocks have closed with losses: Repsol (-1.33%), Fluidra (-0.69%) and Rovi (-0.11%).

In the business field of the continuous market, eDreams Odigeo has announced before the market opening to the National Securities Market Commission (CNMV) the suspension of its share buyback program and the launch, in its place, of a public offer of partial and voluntary share acquisition (OPA) on 3.57% of its capital, at a price of 6.9 euros per share, which means valuing the offer at 31.4 million euros.

The company has also published today its accounts corresponding to its fiscal year 2024, ended on March 31, when it recorded a net profit of 32.3 million euros, compared to the ‘red numbers’ of 43.3 million euros recorded a year before.

Likewise, the ordinary general meeting of shareholders of Adolfo Domínguez, which was held this Thursday at its headquarters in San Cibrao das Viñas (Orense), has ratified the renewal of Adolfo Domínguez Fernández, founder and main shareholder, as a member of the board of directors. .

European stock markets have also cut their losses in recent days and have rebounded this Thursday, although none have done so at the level of Madrid: Frankfurt has added 0.13%; Paris 0.55%; London 0.59% and Milan 0.87%.

These advances have also occurred, despite the falls in the afternoon of more than half a percentage point on the part of the New York indices and the most voluminous ones, of more than 1%, on the part of the Asian stock markets in the early morning.

The barrel of Brent stood at 82.6 dollars at closing time in the Old Continent, 1.15% less, while West Texas Intermediate (WTI) fell 1 1.2%, to 78.25 dollars .

At the same time, the euro appreciated 0.35% against the dollar, up to 1.084 ‘greenbacks’ for each unit of the community currency.

In the debt market, the yield of the Spanish bond with a maturity of 10 years has closed at 3.381% after subtracting half a tenth. Thus, the risk premium against German debt has stood at 73 points.