The Ibex 35 turns upward (+0.89%) in the middle and session and exceeds 8,400 integers

3 Jan. () –

The Ibex 35 turned upwards in the middle of the session and recorded a rise of 0.89%, which led the selective to stand at 8,443 integers around 1:00 p.m., driven by banking and tourist values, on a day in which Investors look again at the New York and London Stock Exchanges, closed yesterday, and where they will be awaiting the CPI data in Germany.

Precisely, the German country has defied fears of recession with a drop in unemployment in December. Specifically, the number of unemployed in Germany decreased by 13,000 people last December, compared to the consensus expectations of analysts who pointed to an increase of 15,000 unemployed, in line with November.

In this way, after gaining 1.71% yesterday, the Madrid selective started the session in red, although after a few hours it reversed the trend and exceeded the psychological level of 8,400 points, pending in addition to the evolution of the Covid-19 in China.

In Spain, investors have learned that registered unemployment in the offices of the public employment services registered a decrease of 268,252 people (-8.6%) in 2022, to a total of 2,837,635 unemployed, the lowest figure in a closing of the year since the financial year 2007.

Likewise, the average number of Social Security affiliates closed 2022 at a new annual maximum of 20,296,271 contributors after gaining 471,360 employed persons in the year (+2.4%), its second largest annual increase since 2018, when the system added 564,000 workers.

At mid-session, most of the shares were trading in the green, led by IAG (+3.44%), Sabadell (+3.19%), Caixabank (+3.02%), Grifols (+2.94% ), Meliá Hotels (+2.48%), Bankinter (+2.39%) and Unicaja (+1.99%).

The rest of the European stock markets were also trading positive with increases of 1.28% for Frankfurt, 1.22% for Paris and 1.91% for London.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 84 dollars, with a decrease of 1%, while Texas stood at 79 dollars, with a drop of 1 %.

Finally, the price of the euro against the dollar stood at 1.0530 ‘greenbacks’, while the Spanish risk premium stood at 106 basis points, with the interest required on the ten-year bond at 3.451%.