May 25. (EUROPE PRESS) –
The Ibex 35 stood at 9,177.8 points in the mid-session, so at 12:00 noon it registered a rise of 0.16%, thus reversing the negative evolution that it had registered early in the morning, when it fell close to of 0.2%.
The main focus of attention for investors continues to be the United States, where there is still no agreement between Republicans and Democrats to raise the country’s debt ceiling. The deadline would be in the next few days, since the country could default on June 1.
In this context, the credit rating agency Fitch Ratings has placed the ‘AAA’ rating, the highest solvency grade, of the long-term debt of the United States on negative watch.
On the other hand, this Thursday it was also known that the German economy entered a recession in the first quarter of 2023, as confirmed by the Federal Statistical Office (Destatis), which has revised downward the GDP data of the three first months of the year, down to -0.3%, instead of the stagnation initially estimated. This means chaining two consecutive quarters of falls in activity, after -0.5% in the fourth quarter of 2022.
Likewise, the second estimate of the GDP data for the United States for the first quarter of the year will also be released this Thursday. The initial data, published in April, estimated growth of 0.3% for the period from January to March.
In this way, Acerinox led the shares that rose the most in the selective towards the mid-session (+2.18%), ahead of Grifols (+1.97%), Banco Sabadell (+1.79%), CaixaBank ( +1.67%), BBVA (+1.64%), Rovi (+1.34%) and Amadeus (+1.06%).
On the opposite side were Sacyr (-1.62%), Indra (-1.48%), Acciona (-1%), Repsol (-0.75%), Telefónica (-0.70%) and Naturgy ( -0.68%).
The optimism towards 12.00 hours was not the same for all the European stock markets. While Milan rose a slight 0.02%, Frankfurt and Paris fell 0.02% and 0.14%, respectively. In turn, London left 0.16%.
On its side, the barrel of Brent stood at 77.32 dollars, 1.34% less, while the West Texas Intermediate (WTI) reached 73.21 dollars, 1.52% less.
In the debt market, the yield on the 10-year Spanish bond stood at 3.534%, from 3.536% at which it closed on Wednesday. In this way, compared to its German counterparts, the risk premium was reduced by seven tenths, to 105.7 basis points.
In the foreign exchange market, the euro depreciated 0.20% against the dollar, reaching an exchange rate of 1.0728 dollars for each euro.