The Ibex 35 starts the week up 1.04% to 11,057 points

1 Jul. () –

The Ibex 35 closed Monday’s session by climbing 1.04%, which meant that the index rose by more than 100 points in a single session and reached 11,057 points.

The index thus closed the day after the results of the French elections held on Sunday were announced. While the party that received the most votes was Marine Le Pen’s National Rally, the New Popular Front and Emmanuel Macron’s party, Ensemble, received more votes overall.

On Monday’s macroeconomic agenda, it was learned that the contraction in manufacturing activity in the Eurozone accelerated in June, according to the PMI index, which fell to two-month lows, with a reading of 45.8 points, compared to 47.3 the previous month, according to data from S&P Global.

For its part, the Spanish manufacturing sector worsened more than expected in June – to 52.3 points – and cost pressure accelerated to its highest level since the end of 2022, although the indicator remains in the expansion zone, according to S&P Global.

In this context, Grifols has been the main bullish value of the Ibex 35 (+3.38%), followed by Banco Sabadell (+2.83%), Banco Santander (+2.70%), Naturgy (+2.58%), Unicaja (+2.51%), Acciona (+2.45%) and Acciona Energía (+2.08%).

On the other hand, only five stocks closed the session in the red: Inditex (-0.99%), Rovi (-0.86%), Fluidra (-0.72%, affected by the ex-dividend effect), ACS (-0.40%) and ArcelorMittal (-0.37%).

The rest of the main European stock markets also started the session with gains. London rose by 0.03%; Paris advanced by 1.09%; Frankfurt by 0.30%; and Milan by 1.70%.

In the commodities market, a barrel of Brent crude oil closed the European session at $86.25, up 1.47%, while West Texas Intermediate (WTI) crude oil reached $82.82, up 1.55%.

On the debt market, the yield on the 10-year Spanish bond has climbed to 3.471%, from 3.419% on Friday. However, the risk premium has fallen by 5.5 points, to 86.4 basis points.

On the foreign exchange market, the euro gained 0.13% against the dollar at the end of the European session, reaching a rate of 1.0727 greenbacks for each euro.