Europe

The Ibex 35 turns around and loses 8,200 points

The Ibex 35 turns around and loses 8,200 points

July 4. () –

The Ibex 35 has turned around and closed with a fall of 0.17%, which has led it to lose the barrier of 8,200 points, on a day in which Wall Street has remained closed on the occasion of the Day of Independence in the United States.

The Spanish selective ended the day at 8,161.8 points, in a context that continues to be marked by inflation, central bank decisions, fear of an economic slowdown and the war between Russia and Ukraine.

This Monday it was published that the year-on-year inflation rate in Turkey climbed last June to 78.62% from the 73.5% registered in May. On the other hand, Germany recorded in May the first trade deficit since 1991, of 1,000 million euros.

In Spain, unemployment fell by 2.9 million in June, for the first time since the fall of 2008, after falling by 42,409 people due to the summer campaign.

The First Vice President of the Government, Nadia Calviño, warned this Monday that the coming quarters “are going to be complex” in the face of a scenario of inflation “more persistent and higher” than expected. On his side, the Minister of Inclusion, Social Security and Migration, José Luis Escrivá, has stated that the probability that Spain will enter an economic recession in the coming months is “very low”.

On the other hand, the newspaper ‘Financial Times’ reports that the European Central Bank (ECB) is studying ways to limit, once interest rates begin to rise at the end of July, the billions in extraordinary benefits for banks derived from the ‘ultra-cheap’ loan program launched by the institution.

In this scenario, the biggest drops in the Ibex 35 have been presented by Fluidra (-4.92%), Grifols (-4.29%), Sabadell (-3.21%), Bankinter (-2.67%), Cellnex (-2.49%), Colonial (-1.72%) and CaixaBank (-1.72%).


On the contrary, in the positive field, the rises of Repsol (+2.6%), Rovi (+2.34%), Ferrovial (+1.86%), BBVA (+1.39%), Arcelormittal (+1.18%) and Aena (+1.13%).

The rest of the main European stock markets have shown increases in the case of London (+0.89%) and Paris (+0.40%) and decreases in Milan (-0.05%) and Frankfurt (-0.31%). ).

The barrel of Brent quality oil, a reference for the Old Continent, was trading at 113.69 dollars, with an increase of 1.84%, while the Texas was placed at 110.35 dollars, with a rise of 1.77 %.

In the currency market, the euro gained positions against the dollar and was exchanged at 1.0419 ‘greenbacks’, while, in the debt market, the Spanish risk premium was around 106 basic points, with the interest required at ten-year bond at 2.4%.

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